The Nifty Realty index experienced a significant surge of over 3% on November 25 following the BJP's decisive victory in Maharashtra.
Real estate stocks, particularly those based in Maharashtra, saw notable gains, with companies like Godrej Properties, DLF, and Prestige Estates rising between 4-7%. Other firms such as Brigade Enterprises and Macrotech Developers also witnessed increases of 1-3%.
The political stability brought by the BJP-led Mahayuti alliance is expected to rejuvenate infrastructure development in the state, which has faced instability over the past five years. Brokerage firms, including Motilal Oswal Financial Services and Emkay Institutional Equities, suggest that this consolidation in governance will enhance sentiment for real estate companies and facilitate the resolution of stalled projects.