Mixed Real Estate Reactions

The ongoing market turmoil has spared no sector. Companies from all industries have been hit and there are signs of carnage all around us. But amongst them all, the worst hit sector has been real estate. In the past months, the BSE Sensex has lost nearly 34 per cent but the real sector, BSE Realty has witnessed a fall of a whopping 66 per cent. And now with inflation on a roll and interest rates skyrocketing, any chances of improvement in the sector look bleak. Apparently, mutual funds think of that to be true as well. Funds have significantly cut down their exposure in this volatile sector. In the last six months, mutual funds hav