Nifty Realty Slumps for Fifth Straight Session; Raymond Realty, Prestige Estates, DLF Among Top Losers

Mumbai, July 2, 2025 – The Nifty Realty index extended its downward streak for a fifth consecutive session on Wednesday, falling nearly 2 percent in intraday trade and registering a cumulative loss of up to 6 percent over the past five sessions.

Realty Stocks Under Pressure Amid Weak Sentiment

Market pressure was visible across the board, but real estate stocks were hit particularly hard, weighed down by broader market weakness and concerns surrounding housing inventory buildup. A recent report by property consultant Anarock indicated that unsold residential stock across India’s top seven cities has reached approximately 5.59 lakh units.

Among the prominent losers was Raymond Realty, which tumbled nearly 5 percent, closing at ₹920.90. The company made its debut on the NSE a day earlier following a demerger from Raymond Ltd, listing at ₹1,000 per share – a 3.78 percent discount to its discovered price of ₹1,039.

Sector-Wide Declines

Prestige Estates Projects and DLF also witnessed notable declines, shedding up to 5 percent and 2 percent respectively during the session. Other realty majors such as Phoenix Mills, Brigade Enterprises, Oberoi Realty, and Godrej Properties ended the day in negative territory, slipping up to 4 percent.

Broader Market Impact

The losses in the real estate segment aligned with broader market weakness. Equity benchmarks, the Sensex and Nifty, reversed early gains following geopolitical concerns, particularly after US President Donald Trump ruled out any extension to the July 9 deadline for higher tariffs on trading partners.

The persistent decline in Nifty Realty signals ongoing investor caution in the real estate sector, with mounting unsold inventory and global uncertainties keeping sentiment in check.

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