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Indian (NIFTY) Real Estate Sector Analysis

UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies201
  • 7D2.9%
  • 3M-13.7%
  • 1Y-15.2%
  • YTD-8.2%

The Real Estate industry is up 2.9% in the last week, with DLF up 8.0%. In contrast, the industry has lost 15% in the last 12 months. Earnings are forecast to grow by 30% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Feb 2026₹9.2t₹1.2t₹214.0b26.4x42.8x7.5x
Tue, 30 Dec 2025₹9.9t₹1.2t₹207.9b29.7x47.8x8.3x
Thu, 27 Nov 2025₹10.1t₹1.2t₹210.5b30.6x47.8x8.5x
Sat, 25 Oct 2025₹10.3t₹1.1t₹218.5b36.1x47.1x9x
Mon, 22 Sep 2025₹10.1t₹1.1t₹214.2b37.1x47.3x9.1x
Wed, 20 Aug 2025₹9.4t₹1.1t₹212.8b35.7x44.3x8.8x
Fri, 18 Jul 2025₹10.2t₹1.0t₹208.0b35.5x49.2x10x
Sun, 15 Jun 2025₹9.9t₹985.5b₹208.3b34.5x47.7x10.1x
Tue, 13 May 2025₹8.8t₹1.1t₹210.5b34.2x41.6x8.1x
Thu, 10 Apr 2025₹8.0t₹1.1t₹220.1b33x36.3x7.4x
Sat, 08 Mar 2025₹8.3t₹1.1t₹220.2b32.2x37.7x7.7x
Mon, 03 Feb 2025₹9.5t₹1.1t₹227.9b30.6x41.9x9x
Wed, 01 Jan 2025₹10.3t₹1.0t₹214.4b35.8x48.1x10x
Fri, 29 Nov 2024₹10.0t₹1.0t₹214.5b33x46.6x9.7x
Sun, 27 Oct 2024₹9.5t₹1.0t₹233.4b29.6x40.8x9.4x
Tue, 24 Sep 2024₹10.5t₹971.9b₹203.9b32x51.5x10.8x
Thu, 22 Aug 2024₹10.0t₹971.3b₹203.5b30.4x48.9x10.3x
Sat, 20 Jul 2024₹10.0t₹831.8b₹165.5b31.8x60.3x12x
Mon, 17 Jun 2024₹10.2t₹829.3b₹165.5b31.7x61.6x12.3x
Wed, 15 May 2024₹8.7t₹760.9b₹139.2b31x62.5x11.4x
Fri, 12 Apr 2024₹8.8t₹749.0b₹132.3b33.5x66.6x11.8x
Sun, 10 Mar 2024₹8.5t₹749.9b₹132.5b31.5x64.3x11.4x
Tue, 06 Feb 2024₹8.0t₹737.5b₹128.8b40.2x62.1x10.8x
Thu, 04 Jan 2024₹7.3t₹732.8b₹116.5b31.2x62.6x9.9x
Sat, 02 Dec 2023₹6.7t₹729.0b₹116.6b28.1x57.5x9.2x
Mon, 30 Oct 2023₹5.5t₹677.2b₹102.8b30.5x53.4x8.1x
Wed, 27 Sep 2023₹5.4t₹671.2b₹88.7b29.2x61.4x8.1x
Fri, 25 Aug 2023₹5.2t₹675.1b₹68.5b29.4x75.7x7.7x
Sun, 23 Jul 2023₹5.2t₹662.7b₹77.7b29.8x67.6x7.9x
Tue, 20 Jun 2023₹5.0t₹659.5b₹85.0b30.7x59.2x7.6x
Thu, 18 May 2023₹4.5t₹660.2b₹106.5b25.1x42.6x6.9x
Sat, 15 Apr 2023₹4.2t₹652.0b₹103.0b23.3x41x6.5x
Mon, 13 Mar 2023₹3.9t₹646.4b₹102.8b23.3x38.2x6.1x
Wed, 08 Feb 2023₹4.1t₹612.7b₹116.5b23.5x34.8x6.6x
Price to Earnings Ratio

34.8x


Total Market Cap: ₹4.1tTotal Earnings: ₹116.5bTotal Revenue: ₹612.7bTotal 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 42.8x which is lower than its 3-year average PE of 51.5x.
  • The 3-year average PS ratio of 9.1x is higher than the industry's current PS ratio of 7.5x.
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 26% 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 Market1.81%
Real Estate2.94%
Real Estate3.84%
REITS0%0
Office REITs-0.036%
Industrial REITs-0.32%
Retail REITs-3.09%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 50.8x.
    • Analysts are expecting annual earnings growth of 28.4%, 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 31% 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
DLF DLF₹635.758.0%
+₹117.1b
-16.4%PE35.5x
LODHA Lodha Developers₹971.507.9%
+₹71.1b
-24.1%PE29x
PRESTIGE Prestige Estates Projects₹1.46k5.2%
+₹31.3b
2.1%PE64.9x
OBEROIRLTY Oberoi Realty₹1.49k2.5%
+₹13.5b
-19.2%PE24.2x
GODREJPROP Godrej Properties₹1.58k2.3%
+₹10.7b
-33.2%PE30.6x

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