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Indian (NIFTY) Real Estate Sector Analysis

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies196
  • 7D3.4%
  • 3M-6.0%
  • 1Y-10.0%
  • YTD-8.8%

The Real Estate industry is up 3.4% in the last week, with DLF up 3.5%. Meanwhile, Nesco actually underperformed within the industry, shrinking 5.9% in the last week. However, the industry is down 10% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Sep 2025₹10.1t₹1.1t₹214.2b37.1x47.2x9x
Sun, 17 Aug 2025₹9.2t₹1.1t₹212.7b33.8x43.4x8.6x
Tue, 15 Jul 2025₹9.9t₹989.5b₹208.4b36.1x47.5x10x
Thu, 12 Jun 2025₹10.1t₹986.2b₹208.5b34.5x48.3x10.2x
Sat, 10 May 2025₹8.3t₹1.1t₹212.8b34.2x39.1x7.7x
Mon, 07 Apr 2025₹8.4t₹1.1t₹220.1b33.1x38x7.8x
Wed, 05 Mar 2025₹8.2t₹1.1t₹220.2b30x37.1x7.6x
Fri, 31 Jan 2025₹9.2t₹1.1t₹228.5b33.6x40.1x8.7x
Sun, 29 Dec 2024₹10.4t₹1.0t₹214.5b35.1x48.5x10.1x
Tue, 26 Nov 2024₹9.9t₹1.0t₹214.6b33x46.3x9.7x
Thu, 24 Oct 2024₹9.8t₹980.8b₹207.3b30.4x47.1x10x
Sat, 21 Sep 2024₹10.5t₹971.9b₹203.9b32x51.5x10.8x
Mon, 19 Aug 2024₹10.0t₹971.1b₹203.5b30.1x49.2x10.3x
Wed, 17 Jul 2024₹10.3t₹831.7b₹165.3b32.5x62.1x12.3x
Fri, 14 Jun 2024₹9.9t₹830.1b₹163.3b31.4x60.9x12x
Sun, 12 May 2024₹8.5t₹760.9b₹139.2b31.3x61.3x11.2x
Tue, 09 Apr 2024₹8.7t₹749.0b₹132.3b33.3x66.1x11.7x
Thu, 07 Mar 2024₹8.5t₹749.9b₹132.5b31.5x63.9x11.3x
Sat, 03 Feb 2024₹8.0t₹737.9b₹127.7b36.6x62.5x10.8x
Mon, 01 Jan 2024₹7.2t₹732.8b₹116.5b30.2x62.1x9.9x
Wed, 29 Nov 2023₹6.6t₹729.0b₹116.7b27.1x56.3x9x
Fri, 27 Oct 2023₹5.4t₹671.2b₹89.3b32.1x60.4x8x
Sun, 24 Sep 2023₹5.4t₹671.2b₹88.7b29.7x60.4x8x
Tue, 22 Aug 2023₹5.1t₹674.1b₹65.8b28.7x77.4x7.6x
Thu, 20 Jul 2023₹5.2t₹662.6b₹77.1b29.8x68.1x7.9x
Sat, 17 Jun 2023₹5.1t₹659.9b₹85.0b29.6x59.5x7.7x
Mon, 15 May 2023₹4.4t₹661.0b₹104.0b24.9x42.5x6.7x
Wed, 12 Apr 2023₹4.2t₹652.0b₹103.1b23.3x40.5x6.4x
Fri, 10 Mar 2023₹4.0t₹646.4b₹102.8b23.4x38.6x6.1x
Sun, 05 Feb 2023₹4.0t₹612.4b₹116.3b23.8x34.6x6.6x
Tue, 03 Jan 2023₹4.3t₹610.7b₹114.2b25.7x37.5x7x
Thu, 01 Dec 2022₹4.4t₹614.5b₹103.2b26.8x42.3x7.1x
Sat, 29 Oct 2022₹4.3t₹594.1b₹104.5b28.2x40.8x7.2x
Mon, 26 Sep 2022₹4.3t₹589.3b₹101.9b28.1x42x7.3x
Price to Earnings Ratio

42x


Total Market Cap: ₹4.3tTotal Earnings: ₹101.9bTotal Revenue: ₹589.3bTotal 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 47.2x 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 28% 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 Market1.79%
Real Estate3.38%
Retail REITs5.50%
Office REITs4.31%
Real Estate3.20%
REITS0%0
Industrial REITs-0.021%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 45.9x.
    • Analysts are expecting annual earnings growth of 14.1%, which is lower than the prior year's growth of 36.1% 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 12% 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
DLF DLF₹783.103.5%
+₹66.2b
-7.8%PE43.2x
PRESTIGE Prestige Estates Projects₹1.63k4.5%
+₹30.2b
-14.2%PE133x
GODREJPROP Godrej Properties₹2.09k4.7%
+₹28.5b
-28.3%PE42.5x
503100 Phoenix Mills₹1.63k4.7%
+₹26.0b
-7.8%PE58.6x
LODHA Lodha Developers₹1.20k2.1%
+₹25.1b
-7.6%PE40.6x

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