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The Real Estate index is set for its best month in nearly five years as rebound continuesStocks such as Sobha, Godrej Properties, Phoenix Mills Ltd., Ananta Raj, Lodha Developers, Oberoi Realty, Brigade Enterprises, Prestige Estates are trading with gains between 2% to as high as 4.5%. All constituents of the index are trading with gains. For the month so far, all constituents of the Realty Index are up between 15% to 30%.By Sonal Bhutra   |  Shloka Badkar   April 21, 2026, 12:44:00 PM IST (Published)2 Min ReadThe Nifty Realty Index is the top sectoral gainer on Tuesday, April 21, outperforming a strong market. The index has gained in four out of the last five trading sessions.

For the month so far, the index has surged 23%, and is set for a monthly advance after delivering negative returns for five months in a row.

This 23% move makes this the best month that the Real Estate Index has had since September 2021, when the index had surged by 33%.

Stocks such as Sobha, Godrej Properties, Phoenix Mills Ltd., Ananta Raj, Lodha Developers, Oberoi Realty, Brigade Enterprises, Prestige Estates are trading with gains between 2% to as high as 4.5%. For the month so far, these stocks are up between 15% to 30%.

Despite this recovery, the index is still down 23% from its 52-week high.

Shares of Godrej Properties Ltd. were trading over 3% higher on Tuesday. Brokerage firm HSBC maintained its "buy" rating on the stock with a price target of ₹2,800 per share, indicating an upside potential of 59% from its previous closing price.

It said the company has guided for its FY27 pre-sales growth to be around 20%, backed by a strong order pipeline. The management is also looking at turning free-cash-flow positive, and issuing dividends from FY27 may also be a possibility.

The company is targeting around 20% return on equity (RoE) by FY28.

Slower launches, expensive land buys and competition are the risks for the stock, HSBC said.

Meanwhile, Oberoi Realty's bookings increased 193% in the fourth quarter to 229 units from 78 units in the previous year. For the entire fiscal, its units booked were down 25% to 698 compared to 929 in FY25.

Its volumes increased 169% to 0.35 million square feet from 0.13 million square feet in the fourth quarter of the previous fiscal. In FY26, its volumes declined 8% to 1.1 million square feet from 1.2 million square feet in the previous year.

Another constituent of the Real Estate Index, Prestige Estates, surged after it reported a strong response to its "Prestige Golden Grove" project in Hyderabad, reporting sales worth as much as ₹2,500 crore.

All 10 stocks in the Nifty Realty index are trading with gains on Tuesday.

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