Jefferies is optimistic about the real estate sector, noting a surge in residential sales in October due to high festive demand.

The Nifty Realty index has dropped 11 percent from its peak, leading Jefferies to recommend Godrej Properties, Macrotech Developers, and DLF as top investment choices.

Value sales have increased by 20 percent, supported by favorable pricing and a better sales mix.

Despite a decline in residential pre-sales bookings in Q2FY25, Jefferies expects a strong recovery, with listed developers projected to achieve a 25 percent growth in pre-sales for FY25.

This will be driven by a robust pipeline of new launches and increased activity in the latter half of the fiscal year.