Sobha, DLF, Phoenix Mills and 3 other realty stocks delivered 100%-235% returns in FY24; check full list
Also Read: ADIA, Kotak to invest ₹2,001 crore in Prestige Group’s four housing projects In FY24, the Nifty Realty index emerged as the top-performing sectoral index, recording a fabulous return of 132%. The majority of stocks within the index experienced significant growth over the last financial year. Among the 10 constituents of the index, six saw multibagger returns, with Sobha leading the pack with a remarkable rally of 235%.
Other notable performers included Prestige Estates Projects, DLF, Macrotech Developers, Godrej Properties, and Phoenix Mills, all of which delivered returns ranging between 100% and 230% in FY24. Also Read: ‘Mumbai real estate market thrives amid end-user demand’ Historically, real estate has remained a favored investment avenue in India, attracting a significant portion of household savings. With the country's economy growing, the expanding middle class is experiencing increased disposable income, consequently driving up the demand for residential properties.
The demographic shift towards a more affluent lifestyle is fueling the desire for luxury homes, offering amenities and comforts beyond those found in conventional housing. In 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. This trend has led individuals to seek homes that provide a high level of comfort, convenience, and luxury.
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