Nifty Realty Index Faces Third-Worst Start to Year in a Decade; Key Stocks Hit 52-Week Lows

• The Nifty Realty index recorded its third-worst start to the year in a decade, falling 8.2% in January as of Tuesday, January 20.
• This marks the tenth consecutive day of losses for the index, which has corrected 23% from its recent 52-week high.
• Lodha Developers, Godrej Properties, and Brigade Enterprises are trading at 52-week lows, while Signatureglobal hit a new post-listing low.
• Quarterly booking trends for real estate companies show a mixed picture, with some reporting strong growth and others facing demand softness.
• Despite some stock declines, managements like Oberoi Realty remain optimistic due to strong development pipelines and capital management.

Why It Matters: Nifty Realty index struggles with its third-worst January in a decade, impacting major real estate stocks.