70% of Nifty Realty stocks delivered multibagger returns in one year with Sobha leading the pack; check others

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Also Read: Budget expectations: Here's what experts across sectors anticipate in JulyLooking at the yearly performance, 7 out of the 10 stocks in the index achieved multibagger returns in last one year. Sobha led the pack with a remarkable gain of nearly 290%, followed by Prestige Estates Projects with a gain of 238%.Additionally, Brigade Enterprises, Macrotech Developers, Phoenix Mills, Godrej Properties, and Sunteck Realty all recorded substantial gains ranging between 100% and 140%.This exceptional performance can be attributed to the robust sales growth, continuous new developments, strategic price adjustments, and improving financial indicators within the industry.Also Read: Mumbai ranks 3rd, Delhi-NCR 5th in global property price increaseIn FY24, there was a strong surge in demand for residential properties across major Indian cities, driven by increasing disposable incomes, evolving lifestyles, and a rising number of high-net-worth individuals.The demand for luxury homes has surged notably, driven by demographic shifts towards more affluent lifestyles.

This trend reflects an increasing desire for residences that offer amenities and comforts surpassing those found in conventional housing.Also Read: Rate-Cut Hopes Trigger Rally for Left Behind Real Estate StocksIn today's modern world, there's a growing demand for residences that offer top-notch amenities for entertainment, fitness, and relaxation, all conveniently located nearby, leading individuals to seek homes that provide a high level of comfort, convenience, and luxury.Investors are increasingly allocating more of their portfolios to the real estate sector, motivated by its robust potential for revenue growth. This trend is further supported by the country's