New Delhi, July 3 -- India's residential real estate market is witnessing a pronounced K-shaped trend, with large branded developers continuing to expand their dominance while smaller players steadily lose ground, according to a report by Motilal Oswal Financial Services (MOFSL).

The report said market consolidation has accelerated since FY21, driven by stronger balance sheets, better execution capabilities and aggressive expansion by leading developers.

"Top developers have gained market share amid broader sector exhibiting K-shaped trends," the report noted, adding that the market share of its coverage universe has expanded by 530 basis points to around 20 per cent since FY21. It expects this share to rise further, backed by an estima...