South Side Estate: Realty Companies in South Have Delivered Solid Returns

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South Side Estate: Realty Companies in South Have Delivered Solid Returns
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Realty stocks are back in focus with the economy opening up. The government had unleashed a slew of measures to prop up the sector during the pandemic and buyers lapped it up. Now, as reopening starts after the second pandemic wave, this should only boost the sector stocks.

Realty companies in Mumbai and Delhi have traditionally been given higher preference by investors and they hold over 50% of the weightage in the Nifty Realty Index too. But a quick look at the stocks in this space shows that Southern (NYSE: SO ) realty stocks have been flying under the radar, and have outperformed the realty index. Maybe it’s time to take a look at them:

  • Nifty Realty , up 19% in 2021.
  • Prestige Estates Projects Ltd (NS: PREG ), based in Bangalore, up 31% in 2021.
  • Sobha Developers Ltd. (NS: SOBH ), based in Bangalore, up 43% in 2021.
  • Brigade Enterprises Ltd (NS: BRIG ), based in Bangalore, up 23% in 2021.
  • Oberoi Realty Ltd (NS: OEBO ), based in Mumbai, up 15% in 2021.
  • DLF Ltd (NS: DLF ), based in Gurgaon, up 31% in 2021.

South India is growing fast as a hub for IT/ITeS sectors as well as for companies looking to set up manufacturing units in the region. For example, the IT industry accounts for 25% of Karnataka’s GDP.

Investors should be selective about the stocks they choose to invest in.

 

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