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Indian (NIFTY) Real Estate Sector Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies210
  • 7D-2.0%
  • 3M2.6%
  • 1Y-20.2%
  • YTD-10.9%

Over the last 7 days, the Real Estate industry has dropped 2.0%, driven by Lodha Developers declining 4.7%. In contrast, Anant Raj has gained 11%. The industry has fallen 20% in the last year. Looking forward, earnings are forecast to grow by 25% annually.

Sector Valuation and Performance

Has the Indian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026₹9.3t₹1.4t₹264.1b25.8x35.3x6.6x
Sun, 03 May 2026₹9.1t₹1.3t₹232.4b26.5x39x7.2x
Tue, 31 Mar 2026₹7.7t₹1.2t₹218.8b22.5x35.1x6.2x
Thu, 26 Feb 2026₹9.2t₹1.2t₹218.8b27.7x41.9x7.4x
Sat, 24 Jan 2026₹9.0t₹1.2t₹209.9b27x42.8x7.5x
Mon, 22 Dec 2025₹10.0t₹1.2t₹207.9b29.8x47.9x8.3x
Wed, 19 Nov 2025₹10.2t₹1.2t₹211.6b33.1x48.3x8.5x
Fri, 17 Oct 2025₹10.2t₹1.1t₹217.9b36.2x46.9x9x
Sun, 14 Sep 2025₹9.8t₹1.1t₹214.2b37.6x45.6x8.8x
Tue, 12 Aug 2025₹9.3t₹1.1t₹213.8b33.3x43.7x8.8x
Thu, 10 Jul 2025₹9.8t₹987.9b₹205.8b36.2x47.8x10x
Sat, 07 Jun 2025₹10.1t₹987.8b₹209.3b32.9x48.4x10.3x
Mon, 05 May 2025₹8.8t₹1.1t₹212.5b34.4x41.5x8.1x
Wed, 02 Apr 2025₹8.4t₹1.1t₹220.1b33.1x38x7.8x
Fri, 28 Feb 2025₹8.2t₹1.1t₹220.1b31.4x37.5x7.7x
Sun, 26 Jan 2025₹8.8t₹1.0t₹222.7b34.4x39.7x8.5x
Tue, 24 Dec 2024₹10.4t₹1.0t₹214.5b35.4x48.7x10.1x
Thu, 21 Nov 2024₹9.4t₹1.0t₹211.2b34.3x44.6x9.2x
Sat, 19 Oct 2024₹10.3t₹991.0b₹208.0b31.1x49.3x10.3x
Mon, 16 Sep 2024₹10.2t₹971.1b₹203.5b32.2x49.9x10.5x
Wed, 14 Aug 2024₹9.8t₹958.6b₹193.4b31.8x50.7x10.2x
Fri, 12 Jul 2024₹10.2t₹832.5b₹165.9b32.3x61.3x12.2x
Sun, 09 Jun 2024₹9.7t₹832.8b₹163.4b28.6x59.4x11.6x
Tue, 07 May 2024₹8.9t₹754.1b₹137.6b33.4x64.8x11.8x
Thu, 04 Apr 2024₹8.5t₹749.1b₹132.3b32.3x64.4x11.4x
Sat, 02 Mar 2024₹8.5t₹749.9b₹132.6b32.1x63.9x11.3x
Mon, 29 Jan 2024₹7.7t₹737.0b₹116.5b36.3x66.2x10.5x
Wed, 27 Dec 2023₹7.1t₹733.1b₹116.5b29.6x60.8x9.7x
Fri, 24 Nov 2023₹6.6t₹729.0b₹116.7b26x56.2x9x
Sun, 22 Oct 2023₹5.7t₹670.7b₹89.3b33.1x63.5x8.5x
Tue, 19 Sep 2023₹5.5t₹671.2b₹88.7b29.8x62x8.2x
Thu, 17 Aug 2023₹5.1t₹673.8b₹65.8b28.3x77.7x7.6x
Sat, 15 Jul 2023₹5.2t₹660.0b₹85.0b30.1x61.8x8x
Mon, 12 Jun 2023₹4.9t₹661.6b₹85.0b28.4x58x7.4x
Price to Earnings Ratio

58x


Total Market Cap: ₹4.9tTotal Earnings: ₹85.0bTotal Revenue: ₹661.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Real Estate Sector Price to Earnings3Y Average 51.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 35.3x which is lower than its 3-year average PE of 51.5x.
  • The 3-year average PS ratio of 9.2x is higher than the industry's current PS ratio of 6.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 46% per year over the last three years.
  • Revenues for these companies have grown 29% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Real Estate sector?

IN Market-1.95%
Real Estate-1.95%
Industrial REITs0.43%
REITS0%0
Office REITs-0.58%
Retail REITs-1.05%
Real Estate-2.36%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 53.6x.
    • Analysts are expecting annual earnings growth of 27.0%, which is lower than the prior year's growth of 36.9% per year.
  • Investors are most pessimistic about the Industrial REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 27% over the next 5 years.
  • However this is lower than its past earnings growth rate of 37% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings grow by 23% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
515055 Anant Raj₹569.9510.7%
+₹19.9b		-1.3%PE37x
526367 Ganesh Housing₹781.4510.7%
+₹6.3b		-23.9%PE15.5x
WEWORK WeWork India Management₹641.056.7%
+₹5.5b		n/aPE118.2x
PRESTIGE Prestige Estates Projects₹1.38k0.9%
+₹5.1b		-19.5%PE49.8x
KRT Knowledge Realty Trust₹116.990.8%
+₹4.0b		n/aPB1.2x

Latest News

SOBHA
₹1,342.60
Sobha
7D
-5.3%
1Y
-20.1%
Analysis Article • 15h

With EPS Growth And More, Sobha (NSE:SOBHA) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
515055
₹569.95
Anant Raj
7D
10.7%
1Y
-1.3%
OBEROIRLTY
₹1,633.40
Oberoi Realty
7D
-4.3%
1Y
-14.4%
Narrative Update • Jun 03

OBEROIRLTY: Lower Discount Rate And Debenture Moves Will Support Future Returns

Analysts have raised their fair value estimate for Oberoi Realty by about ₹67 per share, reflecting updated assumptions for the discount rate, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research activity around real estate and related asset plays suggests a mix of optimism and caution that is useful context when thinking about Oberoi Realty's updated fair value estimate.
PRESTIGE
₹1,381.10
Prestige Estates Projects
7D
0.9%
1Y
-19.5%
Narrative Update • Jun 02

PRESTIGE: Mumbai And Hyderabad Projects Will Drive Future Upside Potential

Analysts have trimmed their fair value estimate for Prestige Estates Projects from about ₹1,908 to roughly ₹1,806, citing updated assumptions that factor in a slightly lower discount rate, more moderate revenue growth expectations, a reduced profit margin outlook, and a modestly lower future P/E multiple. What's in the News Board meeting scheduled for May 21, 2026, to review and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026; consider a final dividend; potential issuance of non convertible debentures; and the redesignation of Ms. Uzma Irfan as Whole Time Director.
DLF
₹577.70
DLF
7D
-2.2%
1Y
-34.4%
Narrative Update • Jun 01

DLF: Upcoming Dividend Decision Will Support Bullish Undervaluation Thesis

Analysts have nudged their fair value estimate for DLF slightly lower, from about ₹822.48 to ₹821.91. This reflects updated assumptions on discount rate, revenue growth, profit margin and future P/E that are broadly consistent with prior expectations.
526367
₹781.45
Ganesh Housing
7D
10.7%
1Y
-23.9%
LODHA
₹894.45
Lodha Developers
7D
-4.7%
1Y
-41.0%
Narrative Update • Jun 01

LODHA: Upcoming Governance Changes Will Support Data Centre Park Upside

Analysts have reduced their price target for Lodha Developers from ₹1,615 to about ₹1,473, reflecting updated assumptions about the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News A board meeting is scheduled for March 30, 2026 to consider appointing M/s Walker Chandiok & Co. LLP as the new statutory auditor of the company.
WEWORK
₹641.05
WeWork India Management
7D
6.7%
1Y
n/a
Analysis Article • May 29

WeWork India Management's (NSE:WEWORK) Soft Earnings Don't Show The Whole Picture

WeWork India Management Limited's ( NSE:WEWORK ) recent soft profit numbers didn't appear to worry shareholders, as the...
GODREJPROP
₹1,708.30
Godrej Properties
7D
-3.1%
1Y
-30.8%
Narrative Update • May 28

GODREJPROP: Recent Land Buys Across Key Cities Will Support Bullish Outlook

Analysts have nudged their price target on Godrej Properties slightly higher to about ₹2,267 from around ₹2,265, reflecting updated views on discount rate assumptions, revenue growth, profit margins, and future P/E expectations. What's in the News Board meeting scheduled for May 4, 2026 to review audited standalone and consolidated financial results and financial statements for the year ended March 31, 2026, consider any dividend recommendation on equity shares, evaluate raising funds through privately placed debt securities, and address matters related to the upcoming Annual General Meeting (Key Developments).
505355
₹1,111.90
Nesco
7D
-5.3%
1Y
17.5%
SIGNATURE
₹812.55
Signatureglobal (India)
7D
-4.7%
1Y
-36.7%
Analysis Article • May 24

Signatureglobal (India)'s (NSE:SIGNATURE) Shareholders Should Assess Earnings With Caution

We didn't see Signatureglobal (India) Limited's ( NSE:SIGNATURE ) stock surge when it reported robust earnings...
539042
₹377.35
AGI Infra
7D
4.8%
1Y
110.1%
KRT
₹116.99
Knowledge Realty Trust
7D
0.8%
1Y
n/a
RAYMONDREL
₹602.10
Raymond Realty
7D
7.3%
1Y
n/a
SMARTWORKS
₹453.10
Smartworks Coworking Spaces
7D
4.2%
1Y
n/a
Analysis Article • May 08

Smartworks Coworking Spaces' (NSE:SMARTWORKS) Strong Earnings Are Of Good Quality

When companies post strong earnings, the stock generally performs well, just like Smartworks Coworking Spaces Limited's...
503100
₹1,749.85
Phoenix Mills
7D
-1.2%
1Y
9.5%
Narrative Update • Apr 28

503100: Upcoming Board Results Will Support Confidence In Balanced Future Prospects

Analysts have kept their Phoenix Mills fair value estimate steady at ₹1,945, as small tweaks to the discount rate, revenue growth, profit margin and future P/E inputs offset one another without prompting a change in the overall price target. What's in the News Phoenix Mills has scheduled a board meeting on April 27, 2026, to consider and approve the audited standalone financial results for the quarter and financial year ended March 31, 2026 (company filing).