Moneycontrol
Last Updated : Nov 17, 2017 03:33 PM IST | Source: CNBC-TV18

Seeing early signs of consolidation in real estate space: Macquarie Capital

In the order of affordability, Bangalore stands out compared to Mumbai and NCR among the tier-I markets, Abhishek Bhandari, Senior Analyst, Property at Macquarie Capital Securities said.

CNBC TV18 @moneycontrolcom

In an interview with CNBC-TV18, Abhishek Bhandari, Senior Analyst, Property at Macquarie Capital Securities shared his reading and outlook on market. He was speaking from the side-lines of Macquarie India Conference.

Indian real estate sector has undergone a lot of disruptions in last one year, demonetisation, real estate regulatory authority (RERA) implementation and goods and services tax (GST). Most of the uncertainties and disruptions are behind us, he said.

RERA is trying to enforce a lot of discipline into the sector. Over a medium-term, he thinks the industry will shift more towards the organised sectors, he added.

According to him, in the order of affordability, Bangalore stands out compared to Mumbai and NCR among the tier-I markets. He also added that Bangalore market should recover the earliest given that the sensitivity to interest rates is one of the highest in that city.

Speaking about mergers and acquisitions in real estate space, he said, “We are seeing some early signs of these things happening.”

For full interview, watch accompanying video...
First Published on Nov 17, 2017 03:33 pm

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