Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Real Estate Sector Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies201
  • 7D-6.0%
  • 3M-14.5%
  • 1Y-8.2%
  • YTD-13.7%

Over the last 7 days, the Real Estate industry has dropped 6.0%, driven by a pullback from Lodha Developers of 9.4%. The industry has fallen 8.2% in the last year. Earnings are forecast to grow by 31% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026₹8.6t₹1.2t₹218.8b26.6x39.4x7x
Sat, 31 Jan 2026₹9.1t₹1.2t₹213.1b26.6x42.8x7.5x
Mon, 29 Dec 2025₹10.0t₹1.2t₹207.9b29.6x48.2x8.4x
Wed, 26 Nov 2025₹10.0t₹1.2t₹210.5b30.6x47.4x8.4x
Fri, 24 Oct 2025₹10.3t₹1.1t₹218.5b35.8x47.1x9x
Sun, 21 Sep 2025₹10.1t₹1.1t₹214.2b37.1x47.3x9.1x
Tue, 19 Aug 2025₹9.4t₹1.1t₹212.7b35.1x44x8.7x
Thu, 17 Jul 2025₹10.1t₹1.0t₹207.7b35.5x48.4x10x
Sat, 14 Jun 2025₹9.9t₹986.2b₹208.5b34.3x47.6x10.1x
Mon, 12 May 2025₹8.3t₹1.1t₹210.5b33.1x39.6x7.7x
Wed, 09 Apr 2025₹8.1t₹1.1t₹220.1b32.5x36.8x7.5x
Fri, 07 Mar 2025₹8.3t₹1.1t₹220.2b33.6x37.8x7.7x
Sun, 02 Feb 2025₹9.3t₹1.1t₹227.4b32.1x40.9x8.8x
Tue, 31 Dec 2024₹10.3t₹1.0t₹214.5b35.2x48x10x
Thu, 28 Nov 2024₹10.0t₹1.0t₹214.5b33.5x46.5x9.7x
Sat, 26 Oct 2024₹9.5t₹990.7b₹223.7b29.6x42.6x9.6x
Mon, 23 Sep 2024₹10.5t₹971.9b₹203.9b32x51.5x10.8x
Wed, 21 Aug 2024₹10.0t₹971.4b₹203.5b30.9x49.3x10.3x
Fri, 19 Jul 2024₹10.2t₹831.8b₹165.5b32.1x61.8x12.3x
Sun, 16 Jun 2024₹10.2t₹829.8b₹165.5b31.8x61.6x12.3x
Tue, 14 May 2024₹8.6t₹761.0b₹139.2b31x61.7x11.3x
Thu, 11 Apr 2024₹8.8t₹749.0b₹132.3b33.5x66.6x11.8x
Sat, 09 Mar 2024₹8.5t₹749.9b₹132.5b31.5x64.2x11.4x
Mon, 05 Feb 2024₹8.0t₹739.3b₹129.1b36.6x61.9x10.8x
Wed, 03 Jan 2024₹7.2t₹732.8b₹116.5b30.4x62x9.9x
Fri, 01 Dec 2023₹6.6t₹729.0b₹116.6b26.8x56.8x9.1x
Sun, 29 Oct 2023₹5.5t₹677.2b₹102.8b30.5x53.4x8.1x
Tue, 26 Sep 2023₹5.4t₹671.2b₹88.7b29.5x61.2x8.1x
Thu, 24 Aug 2023₹5.2t₹675.1b₹68.5b28.6x75.6x7.7x
Sat, 22 Jul 2023₹5.2t₹662.6b₹77.1b29.8x68x7.9x
Mon, 19 Jun 2023₹5.1t₹659.5b₹85.0b29.9x59.5x7.7x
Wed, 17 May 2023₹4.6t₹661.0b₹104.0b24.9x44x6.9x
Fri, 14 Apr 2023₹4.2t₹652.0b₹103.0b23.3x41x6.5x
Sun, 12 Mar 2023₹3.9t₹646.4b₹102.8b23.3x38.2x6.1x
Price to Earnings Ratio

38.2x


Total Market Cap: ₹3.9tTotal Earnings: ₹102.8bTotal Revenue: ₹646.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Real Estate Sector Price to Earnings3Y Average 51.8x202420252026
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 39.4x which is lower than its 3-year average PE of 51.8x.
  • The 3-year average PS ratio of 9.1x is higher than the industry's current PS ratio of 7.0x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 29% per year over the last three years.
  • Revenues for these companies have grown 24% 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-4.38%
Real Estate-6.04%
REITS0%0
Industrial REITs-0.10%
Retail REITs-3.62%
Office REITs-4.46%
Real Estate-6.52%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 51.8x.
    • Analysts are expecting annual earnings growth of 26.4%, which is higher than its past year's earnings growth of 11.0% 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 Real Estate industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings grow by 17% 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
543542 Kesar India₹1.18k-2.7%
₹965.6m		124.9%PE188.7x
HUBTOWN Hubtown₹216.072.0%
+₹596.8m		9.9%PE23.9x
539042 AGI Infra₹311.500.8%
+₹287.1m		87.8%PE45.4x
543543 B-Right Realestate₹774.903.6%
+₹277.9m		134.3%PE170.9x
PARSVNATH Parsvnath Developers₹7.295.8%
+₹174.1m		-66.9%PS1.3x

Latest News

PRESTIGE
₹1,375.60
Prestige Estates Projects
7D
-3.7%
1Y
17.4%

PRESTIGE: Bengaluru Metro Partnership Will Support Future Upside Potential

Analysts have kept their price target for Prestige Estates Projects steady at about ₹1,913 per share, with revenue growth, profit margin and future P/E assumptions unchanged, and only a slightly higher discount rate shaping the latest valuation view. What's in the News Prestige Group signed a Definitive Agreement with Bangalore Metro Rail Corporation Limited to adopt and co brand Bellandur Metro Station as "Prestige Bellandur Metro Station", with an investment commitment of ₹1,150 million (excluding GST) over a 30 year concession period, including station upgrades and long term partnership rights (Client announcement).
539042
₹311.50
AGI Infra
7D
0.8%
1Y
87.8%
GODREJPROP
₹1,743.80
Godrej Properties
7D
-3.0%
1Y
-15.6%

GODREJPROP: New Thane And Pune Land Bank Will Support Bullish Outlook

Analysts have revised their price target on Godrej Properties to ₹2,285 from ₹2,595, reflecting updated assumptions around revenue growth, profit margins, and a lower future P/E multiple. What's in the News Entered a joint development agreement for an approximately 18 acre land parcel in Thane, Mumbai, planned as a largely residential project with estimated revenue potential of over ₹75,000 million, in a micro market with access to current and upcoming transport links including the Thane Wadala Metro and Thane Borivali tunnel (Key Developments).
543542
₹1,176.70
Kesar India
7D
-2.7%
1Y
124.9%
DLF
₹585.15
DLF
7D
-4.2%
1Y
-12.0%

DLF: Upcoming Board Meeting Will Reinforce Confidence In Margin Sustainability

Analysts have kept their fair value estimate for DLF steady at about ₹869 per share, with only minor tweaks to inputs such as the discount rate and future P/E assumptions informing this unchanged price target. What's in the News DLF has scheduled a Board Meeting for January 22, 2026, to consider and approve unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
PARSVNATH
₹7.29
Parsvnath Developers
7D
5.8%
1Y
-66.9%
535621
₹129.95
S V Global Mill
7D
4.0%
1Y
22.0%
OBEROIRLTY
₹1,482.10
Oberoi Realty
7D
-4.0%
1Y
-5.3%

OBEROIRLTY: Redevelopment Pipeline And Interim Dividends Will Support Bullish Outlook

Analysts have trimmed their price target on Oberoi Realty from ₹1,828 to ₹1,796, reflecting updated assumptions for the discount rate, revenue growth, profit margins and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts view the revised target of ₹1,796 as still supportive of upside potential, suggesting that even with more conservative inputs, the stock screens reasonably on P/E based valuation work.
503100
₹1,634.60
Phoenix Mills
7D
-4.7%
1Y
3.7%

503100: Leadership Shift And Director Pay Will Support Future Upside

The latest update on Phoenix Mills keeps the fair value estimate steady at about ₹1,959 per share, with analysts pointing to only marginal tweaks in assumptions for discount rate, revenue growth, profit margin and future P/E rather than any significant shift in their thesis. What's in the News A board meeting is scheduled for January 28, 2026, to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
503101
₹431.85
Marathon Nextgen Realty
7D
0.5%
1Y
10.9%
LODHA
₹916.25
Lodha Developers
7D
-9.4%
1Y
-19.5%

LODHA: Data Centre Park And Results Timeline Will Drive Future Upside

Analysts have kept their price target for Lodha Developers steady at ₹1,615, indicating only minor tweaks in the discount rate, revenue growth assumptions, profit margin outlook and future P/E inputs rather than a shift in their overall view. What's in the News Lodha Developers has scheduled a board meeting on January 28, 2026 to consider and approve unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025 (company filing).
531694
₹47.00
Rainbow Foundations
7D
6.0%
1Y
18.2%
HUBTOWN
₹216.07
Hubtown
7D
2.0%
1Y
9.9%
515055
₹492.75
Anant Raj
7D
-8.1%
1Y
6.2%
543543
₹774.90
B-Right Realestate
7D
3.6%
1Y
134.3%
KRT
₹115.68
Knowledge Realty Trust
7D
-6.0%
1Y
n/a