Real estate stocks have taken a pounding in early trade as the sector is expected to feel the heat of the government's move to phase out the old Rs 500 and Rs 1000 notes. The general view is that a lot of purchases may get deferred in the short term.Shares of leading realty companies like Godrej Properties, DLF, Indiabulls Real Estate, Sobha, Oberoi, HDIL and Unitech were down 12-15 percent.Brokerage firm IDFC Securities feels luxury real estate and land prices could correct near term, though it may be a positive over the long run."Though chaotic initially, it is a structurally positive move for real estate sector. Eventual correction would bring middle class back in the market thus curbing the highest ever inventory build-up in India's real estate market," says the IDFC note.
| Company Name | Last Price | Prev Price | Change | % Chg |
| HDIL | 60.6 | 74.45 | -13.85 | -18.6 |
| Anant Raj | 41.85 | 50.1 | -8.25 | -16.47 |
| Indiabulls Real | 67.95 | 80.5 | -12.55 | -15.59 |
| Nitesh Estates | 11 | 12.83 | -1.83 | -14.26 |
| Brigade Ent | 150 | 174.5 | -24.5 | -14.04 |
| DLF | 125.2 | 143.65 | -18.45 | -12.84 |
| Marathon Realty | 220 | 251.1 | -31.1 | -12.39 |
| DB Realty | 40.35 | 45.6 | -5.25 | -11.51 |
| Hubtown | 88.5 | 99.65 | -11.15 | -11.19 |
| Kolte-Patil | 110 | 122.25 | -12.25 | -10.02 |
| Oberoi Realty | 307.2 | 338.1 | -30.9 | -9.14 |
| Godrej Prop | 330.4 | 358.5 | -28.1 | -7.84 |
| Emami Infra | 67 | 72.35 | -5.35 | -7.39 |
| Landmark Prop | 3.9 | 4.11 | -0.21 | -5.11 |
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