Real estate stocks surged as much as 4% on November 3, led by Phoenix Mills, DLF, Lodha Developers, and Prestige. The Nifty Realty index advanced 2.6% to 972.2 in afternoon trade, signalling renewed investor confidence in the property market.
Lodha Developers’ stock gained nearly 3% to ₹1,231.6, marking its highest level since September. Analysts foresee steady growth driven by the company’s strong market reach and consistent 20% pre-sales expansion, reinforcing investor confidence in Lodha’s sustained business momentum.
Nomura, a Japan-based global investment bank, maintained a ‘Buy’ rating on Lodha with a ₹1,450 target, citing its strong business model and market reach, reported Moneycontrol. Meanwhile, US-based Morgan Stanley gave an ‘Equal Weight’ rating with a ₹1,400 target, highlighting Lodha’s large land bank in Palava and 20% guided revenue growth.
Meanwhile, Lodha Developers reported an 87% year-on-year rise in consolidated net profit and a 45% increase in revenue in Q2. Despite strong earnings, its stock remains down 11.5% so far in 2025.
On the other hand, Phoenix Mills shares surged 4% to ₹1,750, their highest since April, after posting a 40% rise in consolidated net profit and 21.5% revenue growth. The stock became the top gainer on the Nifty Realty index during afternoon trade.
HSBC and Jefferies reaffirmed ‘Buy’ ratings on Phoenix Mills, with targets of ₹2,110 and mid-teens growth expectations. Both cited strong residential and leasing income performance as key drivers.
DLF’s stock gained 3.4% to ₹782 on November 3 after strong demand in its Gurugram luxury project, ‘The Dahlias’. The company sold 221 high-end apartments worth nearly ₹16,000 crore, underscoring continued momentum in India’s premium housing segment.
Launched in October last year, DLF’s 17-acre ‘The Dahlias’ at Phase 5, Gurugram, includes 420 luxury apartments and penthouses. With ₹15,818 crore in sales bookings till September, it follows the success of ‘The Camellias’ and drives DLF’s record-breaking performance.
Despite a 15% fall in Q2 profit to ₹1,180 crore, DLF remains optimistic with pre-sales of ₹15,757 crore in H1. Supported by a resilient economy and strong brand demand, the company targets sales bookings up to ₹22,000 crore this fiscal.
