Shares of Sobha Ltd.(up 2.79 per cent), Mahindra Lifespace Developers Ltd.(up 0.32 per cent) and Brigade Enterprises Ltd.(up 0.28 per cent) ended the day as top gainers in the pack.
On the other hand, Macrotech Developers Ltd.(down 2.86 per cent), Oberoi Realty Ltd.(down 2.72 per cent), DLF Ltd.(down 2.31 per cent), Prestige Estates Projects Ltd.(down 2.31 per cent) and Phoenix Mills Ltd.(down 1.38 per cent) finished as the top losers of the day.
The Nifty Realty index closed 1.66 per cent down at 868.6.
Benchmark NSE Nifty50 index ended down 65.16 points at 22032.3, while the BSE Sensex stood down 199.17 points at 73128.77.
Among the 50 stocks in the Nifty index, 16 ended in the green, while 34 closed in the red.
Shares of YES Bank, Indian Railway Fin, Vodafone Idea, South Indian Bnk and JP Power were among the most traded shares on the NSE.
Shares of ITI Ltd, Capri Global, Newgen Software, Vaishali Pharma and Rane Eng Valve hit their fresh 52-week highs in today's trade, while M K Proteins, Digidrive Distributo, Muthoot Microfin, Raj Rayon and GSS Infotech hit their fresh 52-week lows.