Realty Stocks Rebound: Godrej Properties, Prestige Q3 Boost Nifty Realty

• Nifty Realty index ended a seven-day losing streak, gaining over 2 percent intraday before closing 0.35 percent higher.
• Prestige Estates led gains, rising nearly 2 percent after reporting a 30 percent YoY growth in Q3 pre-sales to Rs 4,183.6 crore.
• Godrej Properties announced it was India's largest listed residential real estate developer for the second consecutive year in 2025, with booking value up 19 percent YoY.
• IT layoffs are cited as a major factor impacting housing demand, especially in the luxury segment of urban centers like Bangalore and Hyderabad.
• Analysts predict continued negative impact on mid-to-premium housing sales due to job uncertainties and potential AI-driven job disruptions.

Why It Matters: Realty stocks rebounded due to strong Q3 updates from Prestige Estates and Godrej Properties, despite IT layoff concerns.