On July 23, 2025, leading real estate stocks like Lodha Developers and Oberoi Realty experienced significant selloffs after large block deals spooked market participants. The ripple effects were felt across the Nifty Realty index, which saw broad-based declines.
What Triggered the Fall?
- Lodha Developers (Macrotech Developers) plunged 6.8% intraday after nearly 98 lakh shares were sold via a block trade worth approximately $165 million (₹1,425 crore).
- Oberoi Realty dropped 4.2% following a $230 million (~₹1,987 crore) block deal involving around 3% of equity.
- Together, these deals amounted to $395 million, leading to heavy intraday corrections in realty stocks.
- Broader market reaction impacted other players like Godrej Properties and Prestige Estates, which also ended lower.
Intraday Price Impact (% Drop)
Here is a visual comparison of how select real estate stocks reacted:
(See bar chart above for percentage-wise fall)
| Company | Intraday Price Change (%) | Approx. Deal Value (₹ Cr) | Shares Traded |
|---|---|---|---|
| Lodha Developers | -6.8% | ₹1,425 Cr | 98 lakh |
| Oberoi Realty | -4.2% | ₹1,987 Cr | ~3% Equity |
| Godrej Properties | -2.5% | N/A | N/A |
| Prestige Estates | -1.8% | N/A | N/A |
Underlying Factors
On July 23, 2025, leading real estate stocks like Lodha Developers and Oberoi Realty experienced significant selloffs after large block deals spooked market participants. The ripple effects were felt across the Nifty Realty index, which saw broad-based declines.
What Triggered the Fall?
- Lodha Developers (Macrotech Developers) plunged 6.8% intraday after nearly 98 lakh shares were sold via a block trade worth approximately $165 million (₹1,425 crore).
- Oberoi Realty dropped 4.2% following a $230 million (~₹1,987 crore) block deal involving around 3% of equity.
- Together, these deals amounted to $395 million, leading to heavy intraday corrections in realty stocks.
- Broader market reaction impacted other players like Godrej Properties and Prestige Estates, which also ended lower.
Intraday Price Impact (% Drop)
Here is a visual comparison of how select real estate stocks reacted:
(See bar chart above for percentage-wise fall)
| Company | Intraday Price Change (%) | Approx. Deal Value (₹ Cr) | Shares Traded |
|---|---|---|---|
| Lodha Developers | -6.8% | ₹1,425 Cr | 98 lakh |
| Oberoi Realty | -4.2% | ₹1,987 Cr | ~3% Equity |
| Godrej Properties | -2.5% | N/A | N/A |
| Prestige Estates | -1.8% | N/A | N/A |
Underlying Factors
- Oberoi Realty’s Q1FY26 earnings showed a 28% decline in net profit and a 30% drop in revenue, adding further downward pressure.
- The block trades were likely executed by institutional investors using Rule 144A and Regulation S mechanisms, typically for cross-border or offshore trades.
- Market sentiment in the realty segment weakened, reflecting possible short-term caution or profit booking.
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