Realty Stocks Gain for Fourth Straight Session; DLF, Anant Raj, Godrej Properties, Lodha, and Prestige Estates in Focus

Market Performance

Indian real estate stocks continued their upward momentum on August 21, extending gains for the fourth consecutive session. The Nifty Realty index rose over 1% in early trade to hover around 923 levels.

In the last eight sessions, the index has recovered nearly 6%, signaling strong investor interest after a steep correction earlier this month.

Main News

The rally in real estate stocks was supported by multiple factors, including:

• Strong quarterly performance by listed developers in Q1 FY26
• Expectations of a possible repo rate cut by the Reserve Bank of India in October
• Hints of GST reforms aimed at simplifying tax slabs
• Value buying after the sector saw a sharp correction of nearly 17% from June highs

These triggers collectively lifted the realty index and kept momentum positive for key players.

Company Details

• Anant Raj: Emerged as the top gainer, rising over 3% to trade at ₹555 per share
• Prestige Estates: Up nearly 2%
• Sobha: Also gained around 2%
• Godrej Properties: Added close to 1%
• Macrotech Developers (Lodha): Inched up by 1%
• DLF: Rose around 1% in morning trade
• Oberoi Realty: Advanced by 1%
• Brigade Enterprises: Ended in the green with marginal gains
• Phoenix Mills: Also traded higher with modest gains
• Raymond: Bucked the trend, slipping over 1% to ₹643 per share

Key Triggers Driving Realty Stocks

1. Robust Q1 Performance

• Developers reported record launches worth ~₹1.8 lakh crore in Q1 FY26
• Strong balance sheets and low leverage supported growth momentum

2. Rate Cut Hopes

• RBI maintained repo rates in August, impacting housing demand
• However, expectations of a possible rate cut in October revived optimism

3. GST Reforms Indication

• Prime Minister’s Independence Day speech hinted at a simplified GST structure with two slabs
• Potential reduction in tax burden could boost discretionary spending and housing demand

4. Value Buying After Correction

• After hitting a record high in June, the realty index fell 17% in two months
• The correction made several stocks attractive, driving renewed interest

Summary

The real estate sector remained in the spotlight with DLF, Anant Raj, Godrej Properties, Lodha, Oberoi Realty, Brigade Enterprises, Phoenix Mills, Raymond, and Prestige Estates share price movements contributing to overall market activity.

With supportive triggers such as robust earnings, policy expectations, GST reforms, and value buying, the Nifty Realty index sustained its momentum, logging a fourth straight day of gains.