Realty Index Extends Gains for Fifth Straight Session, Leads Nifty Gainers with Prestige and DLF Rising Up to 9%

Realty Sector Rallies as RBI Maintains Cautious Stance

The Nifty realty index emerged as the top sectoral gainer on Wednesday, extending its rally for the fifth consecutive session, supported by gains in key stocks such as Prestige Estates Projects and DLF. The realty index rose about 7 per cent during the session and has gained over 14 per cent in the last five trading sessions.

The rally followed the Reserve Bank of India's decision to keep the key policy rate unchanged, maintaining a cautious stance amid global uncertainties. The central bank's six-member Monetary Policy Committee unanimously decided to hold the benchmark repo rate at 5.25 per cent, citing heightened uncertainty after the West Asia conflict impacted crude prices, weakened the rupee and disrupted trade flows. The policy stance was retained at neutral.

The RBI's decision is expected to support the housing sector by maintaining affordability and enabling long-term planning. Experion Developers Vice Chairman B K Malagi commented on the policy decision, noting that stability in interest rates supports the housing sector.

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Prestige Estates Projects was the top gainer on the index, rising around 9 per cent. The stock also saw buying interest after the company reported a 10 per cent increase in pre-sales to Rs 7,697 crore in the fourth quarter of the previous fiscal. According to its operational update, the company's pre-sales rose to Rs 30,024 crore in 2025-26, marking a 76 per cent increase over the preceding year.

Other major stocks, including DLF, Godrej Properties, and Oberoi Realty, advanced between 5 per cent and 7 per cent.

Residential real estate sales are showing signs of weakness after a period of stability, with the National Capital Region and Pune witnessing the highest stress, according to Knight Frank India. Data for the March quarter showed overall sales declined compared to the year-ago period, while new launches continued to outpace sales across most markets.

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The market had been on an extended upcycle, and a correction was expected given the cyclical nature of real estate, according to Gulam Zia, senior executive director at Knight Frank India.