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Below the perspective on Nifty Realty Index by Ms. Sonam Srivastava, smallcase manager & Founder of Wright Research

“The recent surge in the real estate index to a 15-year high underscores the robust momentum in the realty sector. This uptrend, driven by positive quarterly updates from major players, is a testament to the sector's resilience and adaptability. Post-pandemic, we've witnessed a significant rebound in property demand, especially in the luxury segment, with housing sales in top cities registering remarkable growth.

The Nifty Realty index's performance, with two of its ten listed players hitting 52-week highs, is indicative of the strong investor confidence in realty stocks. Factors such as the stable repo rate and consistent home loan interest rates have further buoyed this sentiment. Moreover, the record-breaking sales figures reported by companies like Prestige Estate Projects Ltd. and Sobha Ltd. highlight the sector's potential for sustained growth.

In the near to mid-term, we anticipate realty stocks to maintain their upward trajectory, supported by the continued demand for housing and positive operational updates from developers. Investors should remain vigilant but optimistic, as the sector presents promising opportunities for both growth and value.”

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