5 Undervalued Real Estate Stocks to Watch in 2023

Shriram Properties, a prominent South India-based real estate development company, is one of the undervalued stocks to watch in the mid-market and affordable housing segments.

Real EstateShriram PropertiesAffordable HousingMidmarketInvestmentReal Estate NewsJun 12, 2025

5 Undervalued Real Estate Stocks to Watch in 2023
Real Estate News:The real estate sector has seen significant fluctuations in recent years, but there are still some undervalued stocks that investors can consider. One such company is Shriram Properties, a South India-based real estate development company. Here’s a detailed look at why Shriram Properties and four other companies could be worth your attention.

Shriram Properties is a part of the Shriram Group, a well-established name in the Indian financial and real estate sectors. The company primarily focuses on the mid-market and affordable housing segments, which have shown resilience even during economic downturns. Shriram Properties has a strong track record of delivering quality projects on time and has a robust pipeline of upcoming developments.

One of the key factors that make Shriram Properties an attractive investment is its strategic location. The company operates primarily in South India, a region known for its stable economic growth and increasing demand for housing. The company’s focus on affordable and mid-market housing aligns well with the growing middle class in the region, ensuring a steady demand for its properties.

Another undervalued real estate stock to watch is DLF, India’s largest real estate developer. DLF has a diverse portfolio that includes residential, commercial, and retail properties. The company has been actively deleveraging and improving its balance sheet, making it a safer bet for long-term investors. DLF’s strategic partnerships and land bank provide a strong foundation for future growth.

Godrej Properties is another notable player in the real estate sector. Known for its commitment to sustainable and eco-friendly development, Godrej Properties has a strong brand presence in both the residential and commercial segments. The company’s focus on innovation and customer satisfaction has helped it maintain a competitive edge in the market. With a robust pipeline of projects and a solid financial position, Godrej Properties is well-positioned to capitalize on the growing demand for quality housing.

Piramal Enterprises is a diversified company with a significant presence in the real estate sector. The company’s real estate division, Piramal Realty, focuses on premium and luxury properties. Piramal Realty has a strong presence in key cities like Mumbai, Delhi, and Bengaluru. The company’s strategic land acquisitions and development partnerships have helped it build a strong portfolio of high-quality projects. Piramal Enterprises’ strong financials and diversified business model make it a compelling investment option.

Lastly, Oberoi Realty is another undervalued stock in the real estate sector. The company is known for its premium residential and commercial projects in Mumbai. Oberoi Realty has a proven track record of delivering high-quality projects on time and has a strong brand reputation. The company’s focus on luxury and premium segments, combined with its strategic land bank, positions it well to benefit from the growing demand for high-end properties in Mumbai.

In conclusion, the real estate sector offers several undervalued investment opportunities. Companies like Shriram Properties, DLF, Godrej Properties, Piramal Enterprises, and Oberoi Realty are well-positioned to capitalize on the growing demand for quality housing and commercial properties. Investors looking to diversify their portfolio with real estate stocks should consider these companies for their strong fundamentals and potential for growth.

Note: Investment in the securities market involves risks. Please conduct thorough research and consult a financial advisor before making any investment decisions.

Frequently Asked Questions

What is Shriram Properties known for?

Shriram Properties is known for its focus on mid-market and affordable housing in South India. It is a part of the Shriram Group and has a strong track record of delivering quality projects on time.

Why is DLF considered an undervalued stock?

DLF is considered an undervalued stock due to its diverse portfolio, active deleveraging, and strong balance sheet. The company has a strategic presence in both residential and commercial segments.

What makes Godrej Properties stand out in the real estate sector?

Godrej Properties stands out for its commitment to sustainable and eco-friendly development, strong brand presence, and focus on innovation and customer satisfaction.

What is Piramal Enterprises’ approach to real estate?

Piramal Enterprises’ real estate division, Piramal Realty, focuses on premium and luxury properties. The company has a strong presence in key cities and a strategic approach to land acquisitions and development partnerships.

What is Oberoi Realty’s market focus?

Oberoi Realty focuses on premium residential and commercial projects in Mumbai. The company has a proven track record of delivering high-quality projects and a strong brand reputation.

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