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10 Major Realty Stocks Lose Up to Half Their Value in 3 Months: What's Next?

Published: April 03, 2026 | Category: real estate news
10 Major Realty Stocks Lose Up to Half Their Value in 3 Months: What's Next?

India’s construction and real estate sector has come under significant pressure in recent months, with investor sentiment weakening across both residential developers and infrastructure companies. Rising concerns over valuations, slower demand, and broader market volatility have weighed on the sector.

The Union Budget 2026–27 adopted an infrastructure-first strategy aimed at supporting the real estate sector over the long term. The government increased infrastructure capital expenditure to Rs. 12.2 lakh crore from Rs. 11.2 lakh crore, proposed seven high-speed rail corridors, and announced City Economic Regions with Rs. 5,000 crore of investment each over five years. It also introduced measures to support digital infrastructure and data centres, which were expected to create new demand for residential, commercial, and industrial real estate, especially in Tier-2 and Tier-3 cities.

However, despite these positive announcements, construction and real estate stocks have continued to fall sharply. Over the past three months, around 10 major companies in the sector have lost nearly up to 50% of their value. Investors appear worried that while the budget may help the sector in the long run, it does not offer immediate benefits such as direct housing incentives, lower interest rates, or faster execution of projects.

Ajmera Realty & Infra India Ltd

Ajmera Realty & Infra India Ltd is a Mumbai-based real estate company and part of the Ajmera Group. It develops residential and commercial projects primarily in Mumbai and Bengaluru, with a focus on mid- to premium-segment housing and redevelopment projects. With a market capitalisation of Rs. 2,109 cr, the shares of Ajmera Realty & Infra India Ltd closed at Rs. 107.21 per share, increasing from its previous close of Rs. 104.97 per share. The stock fell by 43% in the last three months.

Lodha Developers Ltd

Lodha Developers Ltd is one of India’s largest real estate developers, with a strong presence in Mumbai, Pune, and Bengaluru. The company is known for luxury residential towers, integrated townships, and affordable housing projects under the Lodha brand. With a market capitalisation of Rs. 69,699 cr, the shares of Lodha Developers Ltd closed at Rs. 697.75 per share, increasing from its previous close of Rs. 685.25 per share. The stock fell by 35% in the last three months.

SignatureGlobal India Ltd

SignatureGlobal India Ltd is a leading developer focused mainly on affordable and mid-income housing in the Delhi-NCR region. It has built a strong presence in Gurugram through residential townships and plotted developments. With a market capitalisation of Rs. 10,588 cr, the shares of SignatureGlobal India Ltd closed at Rs. 753.55 per share, increasing from its previous close of Rs. 724.15 per share. The stock fell by 34% in the last three months.

Embassy Developments Ltd

Embassy Developments Ltd is the flagship residential development company of the Embassy Group. It focuses on residential, commercial, and SEZ projects across major Indian cities, especially Bengaluru, Mumbai, and NCR. With a market capitalisation of Rs. 5,910 cr, the shares of Embassy Developments Ltd closed at Rs. 42.50 per share, increasing from its previous close of Rs. 41.45 per share. The stock fell by 27% in the last three months.

Aditya Birla Real Estate Ltd

Aditya Birla Real Estate Ltd, part of the Aditya Birla Group, operates through the Birla Estates brand. The company develops premium residential and commercial projects in major Indian cities and has been expanding its redevelopment business in Mumbai. With a market capitalisation of Rs. 12,788 cr, the shares of Aditya Birla Real Estate Ltd closed at Rs. 1,144.95 per share, decreasing from its previous close of Rs. 1,155.50 per share. The stock fell by 32% in the last three months.

Ahluwalia Contracts (India) Ltd

Ahluwalia Contracts (India) Ltd is a leading engineering and construction company specialising in residential, commercial, institutional, and infrastructure projects. It is known for executing large projects for both government and private sector clients. With a market capitalisation of Rs. 4,623 cr, the shares of Ahluwalia Contracts (India) Ltd closed at Rs. 690.25 per share, increasing from its previous close of Rs. 680 per share. The stock fell by 29% in the last three months.

Sri Lotus Developers & Realty Ltd

Sri Lotus Developers & Realty Ltd is a Mumbai-based developer focused on luxury and ultra-luxury residential redevelopment projects. The company is particularly active in the western suburbs of Mumbai, including Juhu and Andheri. With a market capitalisation of Rs. 5,542 cr, the shares of Sri Lotus Developers & Realty Ltd closed at Rs. 113.40 per share, increasing from its previous close of Rs. 112.40 per share. The stock fell by 29% in the last three months.

Puravankara Ltd

Puravankara Ltd is one of India’s oldest and most trusted real estate developers, headquartered in Bengaluru. It develops luxury, premium, and affordable housing through its Puravankara, Provident Housing, and Purva Land brands. With a market capitalisation of Rs. 4,185 cr, the shares of Puravankara Ltd closed at Rs. 176.50 per share, decreasing from its previous close of Rs. 176.60 per share. The stock fell by 27% in the last three months.

PSP Projects Ltd

PSP Projects Ltd is a Gujarat-based construction and infrastructure company engaged in industrial, institutional, residential, and government projects. It is known for its strong execution capabilities in large-scale building and infrastructure work. With a market capitalisation of Rs. 2,488 cr, the shares of PSP Projects Ltd closed at Rs. 627.70 per share, increasing from its previous close of Rs. 621.65 per share. The stock fell by 28% in the last three months.

Prestige Estates Projects Ltd

Prestige Estates Projects Ltd is one of South India’s leading real estate developers, headquartered in Bengaluru. The company develops residential, commercial, retail, hospitality, and mixed-use projects across cities such as Bengaluru, Hyderabad, Chennai, Kochi, and Mumbai. With a market capitalisation of Rs. 49,951 cr, the shares of Prestige Estates Projects Ltd closed at Rs. 1,159.70 per share, increasing from its previous close of Rs. 1,145.00 per share. The stock fell by 28% in the last three months.

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Frequently Asked Questions

1. What factors are contributing to the decline in real estate stocks?
Several factors are contributing to the decline, including rising concerns over valuations, slower demand, and broader market volatility. Investor sentiment has weakened due to these issues, leading to a sharp decline in stock prices.
2. How has the Union Budget 2026-27 impacted the real estate sector?
The Union Budget 2026-27 adopted an infrastructure-first strategy, increasing infrastructure capital expenditure and proposing high-speed rail corridors and City Economic Regions. While these measures are expected to support the sector in the long term, they do not offer immediate benefits such as direct housing incentives or lower interest rates.
3. Which companies have experienced the largest decline in market value?
Some of the companies that have experienced the largest decline in market value over the past three months include Ajmera Realty & Infra India Ltd, Lodha Developers Ltd, and SignatureGlobal India Ltd, with declines ranging from 34% to 43%.
4. What is the current market capitalisation of Lodh
Developers Ltd? A: Lodha Developers Ltd has a market capitalisation of Rs. 69,699 crore. Despite this, the stock has fallen by 35% in the last three months.
5. How are investors reacting to the government's infrastructure plans?
Investors are concerned that while the government's infrastructure plans may benefit the real estate sector in the long term, they do not provide immediate relief such as direct housing incentives or faster project execution. This has led to continued weakness in stock prices.