Real Estate Stocks Underperform Despite Strong Pre-Sales

Real estate stocks are not doing well even though they are selling a lot of properties.

According to a financial company called Nuvama, this is because the housing market is changing.

Some areas like Bengaluru and Chennai are still doing well, but others like Hyderabad seem to have reached their peak.

Sales have been down overall, especially for mid-income housing.

The high cost of homes in some areas, like Gurugram, is also a problem.

Nuvama suggests that potential risks are weak sales and uncertain job growth.

They suggest Prestige Estates and Brigade as good investment options.