By Pankaj Kapoor on June 24th 2021
The common narrative of most talk shows, media articles, and investor presentations suggests consolidation in the real estate market in recent years. The general perception is that demonetization and introduction of RERA and GST compliances have made real estate a business of deep pockets where smaller developers have been or are being acquired by the large developers and there is massive consolidation in the market. However, data from Liases Foras shows a completely different story.