The NSE Realty has fallen 23% year-to-date, significantly underperforming the Nifty 50, which has declined by 6.6%. (Image source: Pexels)
HSBC has cautioned that India’s residential real estate market may be approaching its peak, leading to reduced target prices for key developers.The NSE Realty has fallen 23% year-to-date, significantly underperforming the Nifty 50, which has declined by 6.6%. This underperformance is attributed to macroeconomic concerns and the risk of developers missing their sales guidance. Delayed project launches and mixed performance during the ...