Nifty Realty Index

The Nifty Realty Index is designed to reflect the behaviour and performance of real estate companies. The index comprises 10 companies listed on the National Stock Exchange (NSE).

About Nifty Realty Index

The Nifty Realty Index is computed using the free-float market capitalisation method, wherein the level of the index reflects the total free-float market value of all the stocks in the index relative to a particular base market capitalisation value. The index follows a periodic capped free-float methodology to ensure balanced representation across constituent real estate companies.

An index variant, the Nifty Realty Total Returns Index, is available for tracking total returns including dividend distributions. The index is managed by a professional team under a three-tier governance structure comprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity), and the Index Maintenance Sub-Committee. As of October 31, 2025, the index comprises 10 constituents and is calculated in real-time during market hours.

Uses of Nifty Realty Index

The Nifty Realty Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs, and structured products. It provides a comprehensive benchmark to track the performance of the real estate sector within the Indian equity market.

Launch Date and Base Date of Nifty Realty Index

The Nifty Realty Index was launched on August 30, 2007. The base date for the index is December 29, 2006, with a base value of 1,000.

Nifty Realty Index Rebalancing

The index is rebalanced on a semi-annual basis. The cut-off dates are January 31 and July 31, with average data for the six months ending the cut-off date used for rebalancing. Four weeks’ prior notice is given to the market from the date of changes.

Top Constituents and Weightage of Nifty Realty Index

As of October 31, 2025, the top constituents of the Nifty Realty Index by weightage are:

• DLF Ltd. — 20.83%
• Godrej Properties Ltd. — 14.76%
• Lodha Developers Ltd. — 14.45%
• Phoenix Mills Ltd. — 13.48%
• Prestige Estates Projects Ltd. — 12.64%
• Oberoi Realty Ltd. — 8.99%
• Brigade Enterprises Ltd. — 6.19%
• Anant Raj Ltd. — 3.77%
• Sobha Ltd. — 3.09%
• Signatureglobal (India) Ltd. — 1.82%

Nifty Realty Index Methodology

Eligibility Criteria

• Companies should form part of Nifty 500 at the time of review. If the number of eligible stocks representing the Realty sector within Nifty 500 falls below 10, then deficit stocks are selected from stocks ranked within the top 800 based on average daily turnover and full market capitalisation over the previous six months.
• Companies should belong to the Realty sector.
• The company’s trading frequency must be at least 90% in the last six months.
• The company should have a minimum listing history of 1 month as on the cut-off date.
• A final selection of 10 companies is made based on free-float market capitalisation.
• Weights are calculated with no single stock exceeding 33%, and cumulative weight of top three stocks not exceeding 62% at the time of rebalancing.

Calculation Method

The index uses the periodic capped free-float methodology. Calculation frequency is real-time, providing continuous updates during market hours.

Performance Metrics

• Quarter-to-date (QTD): -9.96% (absolute)
• Year-to-date (YTD): -4.88% (absolute)
• 1 Year: 0.27% (absolute)
• 5 Years: 28.03% (CAGR)
• Since Inception: -9.66% (CAGR)

Fundamentals:

• Dividend Yield: 4.57%
• Price-to-Earnings (P/E) Ratio: 45.02
• Price-to-Book (P/B) Ratio: 0.32

Risk Metrics (based on Price Return Index):

• Standard Deviation (annualised): 39.03%
• Beta (relative to Nifty 50): 1.49
• Correlation with Nifty 50: 0.74