Nifty Realty breaks 3-day losing streak, rises over 3% led by Brigade, Prestige, Godrej Properties

Nifty Realty index has declined by 24 percent so far this year

The Nifty Realty index broke its three-day losing streak and climbed 3.6 percent higher on April 8, driven by broad-based buying and encouraging business updates from companies. All ten constituents of the index traded in the green, with Brigade Enterprises, Prestige Estates, Godrej Properties, and Macrotech Developers leading the gains with increases of up to 6 percent.

Brigade Enterprises, which topped the list of gainers within the Nifty Realty index, saw its shares rise by as much as 4.5 percent. The rally came after the company signed a joint development agreement (JDA) for a residential project in Mysuru. The project has a Gross Development Value (GDV) of approximately Rs 225 crore and will include a mix of premium plots and upscale apartments.

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Prestige Estates also saw its shares rise by up to 4.4 percent on April 8. This upward move came on the back of news that its wholly owned subsidiary, Prestige Hospitality Ventures, is preparing to file documents with market regulator SEBI this month for an initial public offering (IPO) aimed at raising Rs 2,000 to Rs 2,500 crore, according to reports.

Following closely, shares of Godrej Properties jumped by 6.5 percent after the company reported its highest-ever bookings for both the fourth quarter and the full financial year 2025. For the March quarter alone, bookings surged to Rs 10,163 crore, marking an 87 percent increase from the previous quarter and a 7 percent rise compared to the same period last year. The company stated that this was the highest booking value it had ever recorded.

Shares of Macrotech Developers also advanced by 3 percent after the company announced its best-ever quarterly pre-sales figure of Rs 4,810 crore in the fourth quarter, which represents a 14 percent YoY increase. The robust pre-sales performance points to strengthening early-stage market demand, which is a positive indicator for the real estate sector amid ongoing volatility in equity markets.

Despite the rally, the Nifty Realty index has declined by 24 percent so far this year, compared to a 6 percent drop in the benchmark Nifty 50 index.

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