India, Aug. 19 -- Vikas Oberoi, CMD of Mumbai-based listed real estate company Oberoi Realty, welcomed the entry of large corporate giants into Mumbai's real estate market, saying it reflects the sector's growing recognition as a mainstream industry and will enhance its credibility.

Drawing parallels with the post-COVID-19 recovery, in the backdrop of geopolitical tensions owing to West Asia crisis, Oberoi said global disruptions often create a 'spring effect', unlocking fresh opportunities rather than derailing long-term growth.

According to Oberoi, big corporate giants are welcome in the real estate sector, as they enhance the sector's reputation. Oberoi said that bigger players may remain expensive, and smaller players will always ha...