Macrotech, Godrej Properties, Prestige Estates Drive Realty Index Surge by Over 2%

Real estate stocks experienced a strong rally in Wednesday’s intraday session, outperforming the broader market. The BSE Realty Index saw an impressive rise of 3.66%, reaching 6,989.6 — its best session since April 15. Although the index pared back some of the gains, it still closed 3% higher on the day, compared to the slight 0.04% increase in the benchmark Nifty50 index. Despite this positive movement, the realty index has faced a 16% decline so far this year, whereas the Nifty50 has gained 3%.

Macrotech and Godrej Properties Lead the Gains

At 12:20 PM, the realty stocks that led the rally included Macrotech Developers, which gained 4.75%, and Godrej Properties, which rose 4.14%. Other top performers included Prestige Estates Projects, which gained 3.24%, Phoenix Mills, which was up 2.36%, and DLF, which saw an increase of 3.32%. Other notable gainers included Sobha Ltd, which increased by 1.99%, Brigade Enterprises, up 0.92%, and SignatureGlobal India Ltd, which gained 0.89%.

During the intraday session, Macrotech surged as much as 5.8%, while Godrej Properties climbed by 6.5%. Prestige Estates Projects saw a 4.7% gain, and DLF rose by 3.95%.

Read More, Nifty Weekly Expiry Today: RBL Bank Under F&O Ban on April 30. 

Impressive Financial Results Boost Investor Sentiment

• Macrotech Developers (Lodha Group) reported a consolidated profit of ₹921.7 crore for the fourth quarter of FY25, reflecting a 38.5% year-on-year (YoY) growth. The company’s revenue for Q4 FY25 reached ₹4,224.3 crore, marking a 5.12% rise YoY. The company’s total expenses for the quarter amounted to ₹3,233.1 crore, a modest 0.9% increase from the previous year, primarily driven by project costs.

• Prestige Estates Projects is targeting ₹12,000 crore in revenue from a major 62.5-acre township development in Ghaziabad, signalling the company’s entry into the rapidly growing residential market in Delhi-NCR. In addition to this, the company is also developing a commercial project at Delhi’s Aerocity. In a regulatory filing on Tuesday, Prestige Estates announced the launch of the first phase of its ‘The Prestige City, Indirapuram’ township. As part of its expansion, the company extended a corporate guarantee of up to ₹750 crore to its subsidiary.

• Godrej Properties reported strong performance with a 7% rise in sales bookings, totalling ₹10,163 crore for the fourth quarter of FY25, a new record for the company. For the full financial year 2024-25, sales bookings surged by 31% to ₹29,444 crore. With bookings approaching ₹30,000 crore, Godrej Properties is on track to become the largest listed real estate firm by sales bookings for the year.

This robust performance across key real estate players has increased optimism in the sector.

Conclusion

The strong Q4 performance by top real estate companies like Macrotech Developers, Godrej Properties, and Prestige Estates Projects has reignited investor interest in the sector. As demand in key markets like Delhi-NCR gains momentum, the sector may see continued traction in the coming quarters.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.                            

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