Brokerage firm Antique anticipates subdued real estate sales bookings for Aditya Birla Real Estate, Prestige Estates, Sobha, Sunteck Realty, and Kolte-Patil Developers in the third quarter of financial year 2025, citing limited or no new project launches.

In contrast, strong performance is expected from Godrej Properties, Macrotech Developers, DLF, Oberoi Realty, and Brigade Enterprises, driven by new launches and sufficient inventory to support sustained sales.

A surge in launches is projected for the fourth quarter of financial year 2025 from players such as Aditya Birla Real Estate, Prestige Estates, Sobha, Godrej Properties, DLF, Brigade Enterprises, Shriram Properties, and Kolte-Patil Developers.

While most of these real estate players are likely to meet their project launch targets in the fourth quarter of financial year 2025, one or two may fall short, Antique said in its research note.

Aditya Birla Real Estate and Oberoi Realty remain the brokerage’s top picks for the year.

The Nifty Realty Index has gained about 34% last year. The index had seen gains of close to 82% in 2023 as well. This was the fifth in the last six years that the index has delivered positive returns in a calendar year.

Among the 10 stocks that are part of the index, nine of them had delivered positive returns this year with gains ranging from 15% to as high as 63%.

The only stock on the Nifty Realty index, that has not delivered positive returns in the last calendar year, was Mahindra Lifespace Developers, which has declined 14% in 2024.