- July 17, 2025
Nifty Realty Index Jumps 4% on Q1 Pre-Sales Optimism; Prestige, Sobha Lead Gains
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The Nifty Realty index continued its upward momentum for a fourth straight session on July 17; What investors need to know
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Nifty Realty Index: The Nifty Realty index continued its upward momentum for a fourth straight session on July 17, rising over 1% even as broader markets remained subdued. Nearly all index constituents traded in the green, with stocks like Prestige Estates, Sobha, and Brigade Enterprises gaining between 1% and 2% intraday.
Over the past four trading days, the realty index has climbed 4%, significantly outperforming the benchmark Nifty 50, which remained largely flat.
The recent rally has been fueled by strong Q1 pre-sales figures. Prestige Estates led the pack with a staggering 300% year-on-year (YoY) rise in bookings to Rs 12,126 crore. Sobha followed with a 26% YoY increase to Rs 1,717 crore, while Macrotech Developers posted a 10% growth to Rs 4,450 crore.
After a tepid FY25 for new bookings, Q1FY26 has seen a sharp rebound—driven by a low base, easing approval bottlenecks, and robust demand.
Brokerage Jefferies expects around 60% YoY growth in pre-sales for its coverage universe in Q1, citing strong launches and improving approvals. It also believes the sector could benefit from potential mortgage rate cuts, which may lead to upward revisions in estimates.
Major launches that supported the surge included DLF’s Rs 11,000 crore pre-sales at its Privana project in Gurgaon, Prestige’s Rs 6,500–7,000 crore booking in the NCR region, Oberoi Realty’s Rs 1,000 crore from Elysian Phase 2, and Godrej Properties’ Rs 2,000 crore from a new project.
Jefferies also noted the sector’s strong financial health, supported by healthy cash flows and low leverage, as a key positive going forward.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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