markets
Why real estate is back on investors' radar in May
May 28, 05:05

The real estate space seems to have again caught the attention of investors in May. Nifty Realty index has gained over 10% in the second half of the month after a 3% fall in the first. The COVID-19 second wave in early May had hurt confidence in realty sector, which contributes 7-8 percent to India's GDP. But a gradual drop in COVID cases toward May-end, growing hopes of the gradual opening up of economy and consequent jump in demand from homebuyers, and strong Q4 earnings have now led to a rally in the sector. Low-interest rates are another key driver, said experts who believe risk-taking investors can enter the space. They recommend investments in Godrej Properties, Oberoi Realty and Sobha.

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