Real Estate (cycle) – Will pessimism give birth to multibaggers!

The industry’s inventory rose by 28 per cent year-on-year (Y-o-Y) in H1FY24, com–pared to a 25.5 per cent year-on-year increase in net sales during the same period. This is in contrast to H1FY23, when net sales rose by 24.2 per cent Y-o-Y, while the inventory level increased by just 8.2 per cent Y-o-Y.

As a result, the combined inventory of top listed companies reached a record high of Rs 1.045 trillion, equivalent to 33 months of sales at the current pace

https://www.business-standard.com/industry/news/realty-companies-again-adding-inventory-at-faster-clip-than-their-sales-123120401123_1.html