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Indian (NIFTY) Real Estate Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies202
  • 7D-2.3%
  • 3M-4.0%
  • 1Y-10.4%
  • YTD-1.2%

Over the last 7 days, the Real Estate industry has dropped 2.3%, driven by DLF declining 3.9%. In contrast, National Standard (India) has gained 65%. Overall the industry is down 10% in 12 months. 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
Sun, 11 Jan 2026₹9.9t₹1.2t₹207.9b29x47.8x8.3x
Tue, 09 Dec 2025₹9.8t₹1.2t₹207.8b29.5x47.3x8.2x
Thu, 06 Nov 2025₹10.4t₹1.2t₹222.4b36.7x46.9x9x
Sat, 04 Oct 2025₹9.8t₹1.1t₹214.8b37.5x45.7x8.8x
Mon, 01 Sep 2025₹9.6t₹1.1t₹214.2b36.5x44.8x8.6x
Wed, 30 Jul 2025₹9.6t₹1.0t₹209.2b34.6x45.7x9.3x
Fri, 27 Jun 2025₹10.0t₹984.6b₹205.9b36.6x48.5x10.1x
Sun, 25 May 2025₹9.2t₹986.1b₹198.7b35.1x46.5x9.4x
Tue, 22 Apr 2025₹8.7t₹1.1t₹220.1b32.9x39.7x8.1x
Thu, 20 Mar 2025₹8.5t₹1.1t₹220.1b32.3x38.5x7.9x
Sat, 15 Feb 2025₹8.5t₹1.1t₹223.2b33.8x38.1x7.9x
Mon, 13 Jan 2025₹9.7t₹1.0t₹215.0b36.8x45x9.4x
Wed, 11 Dec 2024₹10.6t₹1.0t₹214.5b34.3x49.4x10.3x
Fri, 08 Nov 2024₹9.9t₹1.0t₹226.6b33.3x43.8x9.8x
Sun, 06 Oct 2024₹10.0t₹976.5b₹204.9b31.8x48.9x10.3x
Tue, 03 Sep 2024₹10.0t₹971.3b₹203.5b32.5x49.3x10.3x
Thu, 01 Aug 2024₹10.2t₹854.5b₹172.8b34.3x58.9x11.9x
Sat, 29 Jun 2024₹10.0t₹832.2b₹165.8b33.3x60.4x12x
Mon, 27 May 2024₹9.4t₹809.1b₹152.8b33.3x61.3x11.6x
Wed, 24 Apr 2024₹8.8t₹749.2b₹132.4b32.4x66.1x11.7x
Fri, 22 Mar 2024₹8.0t₹750.1b₹132.5b31.2x60.6x10.7x
Sun, 18 Feb 2024₹8.2t₹746.1b₹131.8b31.6x62.1x11x
Tue, 16 Jan 2024₹8.1t₹731.7b₹116.6b36.2x69.7x11.1x
Thu, 14 Dec 2023₹6.9t₹730.2b₹116.2b28.5x59.5x9.5x
Sat, 11 Nov 2023₹6.2t₹729.4b₹113.8b28.4x54.8x8.6x
Mon, 09 Oct 2023₹5.6t₹672.6b₹88.7b32.6x62.7x8.3x
Wed, 06 Sep 2023₹5.4t₹670.4b₹88.1b30.6x61.8x8.1x
Fri, 04 Aug 2023₹5.3t₹661.2b₹75.2b29.9x70.3x8x
Sun, 02 Jul 2023₹5.1t₹659.6b₹85.0b31.2x59.9x7.7x
Tue, 30 May 2023₹4.8t₹686.5b₹105.1b27.3x45.4x7x
Thu, 27 Apr 2023₹4.3t₹652.6b₹104.0b24x41x6.5x
Sat, 25 Mar 2023₹3.1t₹564.7b₹90.0b21.6x34.8x5.5x
Mon, 20 Feb 2023₹4.0t₹641.3b₹113.0b23.7x35.6x6.3x
Wed, 18 Jan 2023₹4.3t₹611.3b₹114.1b26.1x38x7.1x
Price to Earnings Ratio

38x


Total Market Cap: ₹4.3tTotal Earnings: ₹114.1bTotal Revenue: ₹611.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Real Estate Sector Price to Earnings3Y Average 51.4x202420252026
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 47.8x which is lower than its 3-year average PE of 51.4x.
  • The industry is trading close to its 3-year average PS ratio of 9.1x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 25% 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-2.80%
Real Estate-2.28%
Industrial REITs2.62%
Office REITs0.39%
REITS0%0
Retail REITs-0.45%
Real Estate-2.86%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 49.7x.
    • Analysts are expecting annual earnings growth of 30.5%, which is higher than its past year's earnings growth of 6.4% 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 32% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings grow by 20% 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
504882 National Standard (India)₹2.17k65.1%
+₹17.1b
-48.0%PE393.8x
EMBDL Embassy Developments₹67.0918.6%
+₹14.6b
-49.2%PS3.9x
SOBHA Sobha₹1.56k4.5%
+₹7.1b
13.6%PE112x
MINDSPACE Mindspace Business Parks REIT₹484.542.1%
+₹6.2b
30.4%PB2.2x
BIRET Brookfield India Real Estate Trust₹339.011.4%
+₹3.4b
17.3%PB1.7x

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