Realty stocks: In 2024, realty stocks will increase as a result of corporations reporting remarkable growth figures driven by India’s growing infrastructure and urbanization. Here’s a brief overview of five interesting realty stocks that are trending this year:
- DLF Ltd.
One of the biggest names in the market, DLF dominates the market for retail, commercial and residential properties. With a net profit of ₹589.44 crore, DLF’s quarterly results showed robust growth and a 39.91% year-over-year increase. The growth of luxury projects is the main cause of this.
- Realty Oberoi
In Mumbai, Oberoi Realty has witnessed consistent expansion in the construction of upscale residential properties. FY24 revenue reached ₹4,495 crore with a 56% increase. In FY24, its bottom line also increased by 13.8% over the prior year indicating that demand for luxury products did not decline.
- Sobha Ltd.
Sobha Ltd, which is well-known for its upscale residential projects, saw a little drop in overall revenue in the previous fiscal year but recovered well in FY24. High demand in metropolitan areas helped the company report ₹762 crore in revenue for the first quarter. Sobha is seen by investors as a long-term participant in India’s growing realty market.
- Brigade Enterprises
One of the biggest names in commercial market. Brigadier Enterprises is well-established in South India. In FY24, their revenue increased by 42.16% to ₹4,836 crore. The company has maintained a stable development trend by concentrating on office spaces and shopping malls.
- Godrej Properties
With its green and sustainable focused developments, Godrej Properties keeps coming up with new ideas. The revenues for the company during the year scaled exponentially with the opening of new projects in high-growth metropolitan hotspots. Because of its diverse portfolio and strong brand image, it continues to be one of the most popular options for investors.
Why realty stocks are so attractive
The demand for residential and commercial markets increases by urbanization and government infrastructure plans. This segment of the Indian market is ideally positioned for sustained expansion. The industry will keep growing as a result of a surge of foreign capital and growing interest in REITs.
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(Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.)
Authored by – Deepa Trivedi
Realty stocks