How research reports mask the (grim) realities of real estate
Reports by real estate consultants and analysts are typically euphoric, but they gloss over actual events, including that several transactions that were hanging were concluded due to the recent stamp duty in Maharashtra.
The stamp duty cut is the trigger, but seeing it in isolation is being blinkered. Several types of transactions are underway.
There has been a flurry of bullish and ultra-bullish research reports on the real estate sector in recent months. As a well-wisher of the Mumbai real estate industry, I normally share the ones to builders that have something encouraging and insightful.