Header cover image

Indian (NIFTY) Real Estate Sector Analysis

UpdatedAug 28, 2025
DataAggregated Company Financials
Companies197
  • 7D-1.8%
  • 3M-3.8%
  • 1Y-11.1%
  • YTD-11.5%

Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by Lodha Developers declining 4.9%. In contrast, Kolte-Patil Developers has gained 14%. The industry has fallen 11% in the last year. Looking forward, earnings are forecast to grow by 26% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Aug 2025₹9.8t₹1.1t₹215.4b36.9x45.5x8.8x
Sat, 26 Jul 2025₹9.8t₹1.0t₹206.7b35.3x47.2x9.6x
Mon, 23 Jun 2025₹9.9t₹985.5b₹205.9b34.7x48.3x10.1x
Wed, 21 May 2025₹9.1t₹975.9b₹193.4b33.6x47.2x9.4x
Fri, 18 Apr 2025₹8.6t₹1.1t₹220.1b33.2x39x8x
Sun, 16 Mar 2025₹8.1t₹1.1t₹220.2b32x36.7x7.5x
Tue, 11 Feb 2025₹9.1t₹1.1t₹228.2b30.6x40x8.5x
Thu, 09 Jan 2025₹10.2t₹1.0t₹214.4b38.2x47.4x9.9x
Sat, 07 Dec 2024₹10.5t₹1.0t₹214.5b34.9x48.9x10.2x
Mon, 04 Nov 2024₹9.9t₹1.0t₹227.0b30.9x43.8x9.8x
Wed, 02 Oct 2024₹10.5t₹978.2b₹205.1b31.6x51.2x10.7x
Fri, 30 Aug 2024₹9.9t₹971.3b₹203.5b31.3x48.7x10.2x
Sun, 28 Jul 2024₹10.0t₹837.0b₹169.0b33x59.4x12x
Tue, 25 Jun 2024₹10.2t₹832.2b₹165.8b32.9x61.8x12.3x
Thu, 23 May 2024₹9.3t₹804.5b₹154.6b31.4x60.5x11.6x
Sat, 20 Apr 2024₹8.5t₹749.0b₹132.3b32x64.6x11.4x
Mon, 18 Mar 2024₹7.8t₹750.1b₹132.5b30x58.6x10.3x
Wed, 14 Feb 2024₹7.9t₹747.3b₹130.3b38.5x60.7x10.6x
Fri, 12 Jan 2024₹7.9t₹731.5b₹116.5b35.1x68.1x10.9x
Sun, 10 Dec 2023₹6.9t₹730.2b₹116.2b29.9x59.1x9.4x
Tue, 07 Nov 2023₹6.0t₹683.1b₹104.2b29.7x58x8.8x
Thu, 05 Oct 2023₹5.5t₹672.5b₹88.7b31.6x61.9x8.2x
Sat, 02 Sep 2023₹5.3t₹670.4b₹88.1b30.6x60.5x8x
Mon, 31 Jul 2023₹5.4t₹654.6b₹76.6b30.2x71.2x8.3x
Wed, 28 Jun 2023₹5.0t₹659.5b₹84.9b31.2x59.3x7.6x
Fri, 26 May 2023₹4.7t₹676.3b₹106.6b23.6x43.7x6.9x
Sun, 23 Apr 2023₹4.2t₹651.9b₹103.0b23.9x40.7x6.4x
Tue, 21 Mar 2023₹3.2t₹564.7b₹90.0b21.6x35.9x5.7x
Thu, 16 Feb 2023₹4.0t₹633.6b₹117.6b25.1x34.4x6.4x
Sat, 14 Jan 2023₹4.3t₹611.3b₹114.1b26.3x37.4x7x
Mon, 12 Dec 2022₹4.4t₹615.2b₹103.6b26.9x42.3x7.1x
Wed, 09 Nov 2022₹4.3t₹588.1b₹92.6b28.2x46.3x7.3x
Fri, 07 Oct 2022₹4.3t₹590.8b₹103.5b28.8x41.3x7.2x
Sun, 04 Sep 2022₹4.5t₹590.3b₹96.1b26.9x46.8x7.6x
Price to Earnings Ratio

46.8x


Total Market Cap: ₹4.5tTotal Earnings: ₹96.1bTotal Revenue: ₹590.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Real Estate Sector Price to Earnings3Y Average 50.7x202320242025
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 45.4x which is lower than its 3-year average PE of 50.7x.
  • The industry is trading close to its 3-year average PS ratio of 8.9x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 31% per year over the last three years.
  • Revenues for these companies have grown 23% 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-1.54%
Real Estate-1.81%
Industrial REITs0.055%
REITS0%0
Office REITs-0.99%
Real Estate-1.92%
Retail REITs-3.34%
Industry PE
  • Investors are most optimistic about the Office REITs industry, which is trading close to its 3-year average PE ratio of 45.7x.
    • Analysts are expecting annual earnings growth of 14.0%, which is lower than the prior year's growth of 65.1% 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 27% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Office REITs industry is expected to see its earnings grow by 14% 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
KOLTEPATIL Kolte-Patil Developers₹460.3014.4%
+₹5.1b
-0.2%PE49x
HUBTOWN Hubtown₹356.106.3%
+₹2.9b
24.7%PE41.3x
RUSTOMJEE Keystone Realtors₹655.102.5%
+₹2.0b
-14.7%PE51.4x
SMARTWORKS Smartworks Coworking Spaces₹491.053.2%
+₹1.7b
n/aPS4x
523716 Ashiana Housing₹324.155.1%
+₹1.6b
-3.7%PE89.5x

Latest News