India's Nifty realty index falls on India-Pakistan conflict worries

DLF

09/05/2025 10:34

** India's Nifty realty index .NIFTYREAL eyes worst week since mid-Feb, first weekly fall in four

** Sub-index down 7% so far this week, set for the steepest fall among all 12 declining sub-indexes

** Home buying prospects taking a blow as tensions between India and Pakistan escalated this week

** In case tensions between India and Pakistan further escalate ... real estate will be the first to take the hit - Vinit Boinjkar, head of research at Ventura Securities

** Anarock says during "war", govt reduces spending on infra, consumer real estate in favor of defence, while homebuyers delay purchases and businesses hold off leases

** Adds if current conflict broadens, residential absorption in national capital region may witness short-term dip of 5%-10%

** NCR-focussed developer DLF DLF.NS down 4%

** On the day, NIFTYREAL down ~3%, taking YTD losses to 22%

Weekly performance of India's key equity indexes https://reut.rs/3GI4Z6J

 (Reporting by Hritam Mukherjee and Vivek Kumar M in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))