Brokerage firm Jefferies has cut target price for several real estate stocks highlighting the impact of the Middle East conflict which is expected to slowdown decision making among buyers for purchasing property, particularly in the June quarter. Jefferies has cut the FY27 pre sales estimates, expecting the growth to slowdown by 6% on an year on year basis from 21% as per FY26 estimates.The Middle East conflict has started to impact pre sales with the large ticket size housing seeing purchase decision delays. The brokerage also estimates that the June quarter could be slow as both developers and customers pull-back on the activities. In its latest note, the brokerage has cut target price DLF, Lodha Developers, Godrej Properties, Prestige Estates and Oberoi Realty. DLF, Godrej Properties and Lodha are preferred picks by Jefferies.ALSO READ: Titan, DLF, Hindalco, Home First Finance, Bharti Airtel And More On Brokerages' RadarCheck Latest Target PriceFor DLF, the target price has been cut to Rs 800, from the previous price of Rs 900, an 11% downside, while maintaining 'Buy' rating. The real estate giant's pre-sales is expected to be cut by 10%. Lease income is likey to grow driven by new retail openings in NCR.Jefferies maintains a 'Buy' rating on Lodha stock with a target price of Rs 1,215, revised from Rs 1,475, an 18% downside, while estimating a pre sales cut of 6% in FY27. Large ticket sales in South and Western Mumbai likely to slow, while Datacenter land monetisation, geographic expansion to NCR large project addition in FY26 and Palava connectivity is expected to improve sales growth.Godrej Properties also retains a 'Buy' rating, with the brokerage reducing its target price to Rs 2,420 from Rs 2,700 earlier, 10% downside. The company's pre sales growth for FY27 is estimated to be at 12% on an year on year basis, with a 4% cut to Jefferies estimate. In case of Prestige Estates, target price has been revised to Rs 1,635 from Rs 1,850, 12% downside, while maintaining 'Buy' rating, while estimating a pre sales decline. Meanwhile, Oberoi has retained 'Hold' rating at a target price of Rs 1,680 from the earlier Rs 1,700, marking 1% downside, citing potential delays in large ticket decision making.