Nifty Realty Slumps: Housing Slowdown Hits Stocks, Pre-Sales Falter

• Nifty Realty index experiences a seven-session losing streak, falling approximately seven percent due to weaker pre-sales and reduced growth guidance.
• Signature Global reported a 27% year-on-year drop in pre-sales for Q3FY26, selling 1.44 million sq ft, and cut its full-year guidance.
• Analysts predict a moderation in Gurugram's housing demand due to high pricing and fewer new launches, impacting developers like DLF and Oberoi Realty.
• Lower launch activity by developers, who hold back new projects awaiting demand revival, is a key factor behind the overall fall in pre-sales.
• Despite the slowdown, some developers like Prestige, Godrej Properties, and Sobha are reporting strong pre-sales, driven by new launches and market expansion.

Why It Matters: Real estate stocks are facing headwinds as pre-sales decline and demand moderates, especially in Gurugram.