Real Estate Stocks Plummet Amidst Housing Upcycle Hurdles, Major Developers Hit

• Indian real estate stocks like Signatureglobal, Godrej Properties, and Prestige Estates are experiencing significant selling pressure.
• Signatureglobal revised its pre-sales guidance downwards due to a 'softer' market environment.
• The NCR Housing Market shows moderation, with demand-supply dynamics normalizing after a post-pandemic surge.
• Sobha reported 18% pre-sales growth, while Lodha saw 25% growth; Keystone's pre-sales dipped by 3%.
• Jefferies believes the housing upcycle still has potential, forecasting 5-10% volume growth in 2026.

Why It Matters: Indian real estate stocks are slumping due to fears of a slowing housing market upcycle.