Nifty Realty Index Surges as Phoenix Mills, DLF, Prestige, and Lodha Rally Up to 4%
Real estate stocks surged up to 4% on November 3, led by strong performances from Phoenix Mills, DLF, Prestige Developers, and Lodha. The Nifty Realty index advanced 2.6% to 972.2 in afternoon trade. Discover the key drivers behind this sector rally.
Real EstateNifty RealtyPhoenix MillsDlfLodhaReal EstateNov 03, 2025
1. Bullish Outlook on Lodha
Lodha shares rose nearly 3% to Rs 1,231.6 — their highest level since September 22 — after strong analyst commentary and robust Q2 performance. Nomura reiterated a Buy rating with a Rs 1,450 target, citing a strong business model and deep market penetration enabling 20% pre-sales CAGR. Morgan Stanley maintained Equal-Weight with a Rs 1,400 target, noting Lodha’s ability to guide for 20% topline growth supported by a large land bank at Palava. The developer reported an 87% YoY jump in Q2 consolidated net profit, with revenue up 45% YoY. The stock is down 11.5% year-to-date.
2. Strong Phoenix Mills Earnings
Phoenix Mills surged 4% to Rs 1,750 — its highest since April — after posting a 40% YoY jump in Q2 consolidated profit and a 21.5% rise in revenue. HSBC reiterated Buy with a Rs 2,110 target, citing improving core operations and strong residential performance. Jefferies also maintained Buy, expecting sustained mid-teens lease income growth. The stock is up 7% so far this year.
3. DLF Gains on Luxury Sales Momentum
DLF jumped 3.4% to Rs 782 after announcing it has sold 221 units worth nearly Rs 16,000 crore in its ultra-luxury project ‘The Dahlias’ in Gurugram. Launched last year, the 17-acre project includes 420 luxury apartments and penthouses. Average unit price stands at Rs 72 crore, with recent marquee transactions including a Rs 380-crore deal for four apartments. DLF has already logged Rs 15,757 crore in pre-sales in FY26 (April–September), on track toward its Rs 20,000–22,000 crore guidance. Q2 consolidated net profit, however, declined 15% YoY to Rs 1,180 crore amid lower revenue at Rs 1,643 crore. Despite softer quarterly earnings, management said housing demand remains resilient, supported by a strong economy and preference for branded developers.
Prestige Developers also saw a significant boost, with shares rising 3.5% to Rs 1,150. The company has been performing well, driven by a strong project pipeline and robust sales momentum. Analysts at ICICI Securities maintained a Buy rating, citing strong execution capabilities and a healthy order book. The stock has gained 10% year-to-date, reflecting the market's confidence in its growth prospects.
Overall, the real estate sector is witnessing a positive trend, driven by strong financial performances, analyst recommendations, and sustained demand for residential and commercial properties. Investors are optimistic about the future, supported by a stable economic environment and favorable government policies.
Frequently Asked Questions
Why did real estate stocks surge up to 4% on November 3?
Real estate stocks surged up to 4% on November 3, led by strong performances from Phoenix Mills, DLF, Prestige Developers, and Lodha. Key drivers include robust Q2 financial results, strong analyst recommendations, and sustained demand in the housing market.
What were the key factors behind Lodha's stock rise?
Lodha's stock rose nearly 3% due to strong Q2 financial results, including an 87% YoY jump in net profit and a 45% YoY increase in revenue. Analysts from Nomura and Morgan Stanley provided positive ratings, citing a strong business model and market penetration.
How did Phoenix Mills perform in Q2?
Phoenix Mills posted a 40% YoY jump in Q2 consolidated profit and a 21.5% rise in revenue. HSBC and Jefferies maintained Buy ratings, citing improving core operations and strong residential performance.
What is driving the sales momentum for DLF's luxury project ‘The Dahlias’?
DLF's luxury project ‘The Dahlias’ in Gurugram has seen strong sales momentum, with 221 units sold worth nearly Rs 16,000 crore. The project includes 420 luxury apartments and penthouses, with an average unit price of Rs 72 crore. Recent marquee transactions, such as a Rs 380-crore deal for four apartments, have further boosted confidence.
What is the outlook for the real estate sector in the coming months?
The outlook for the real estate sector remains positive, driven by strong financial performances, analyst recommendations, and sustained demand for residential and commercial properties. Investors are optimistic about the future, supported by a stable economic environment and favorable government policies.
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