Leading Indian real estate developers including Godrej Properties, DLF, and Sobha have witnessed stock price declines of up to 40 percent over the past year due to rising interest rates, softening demand, and regulatory challenges, according to a Trade Brains report.

2023 April second week's unexpected pause in interest rate hikes by the Reserve Bank of India (RBI) and record fourth-quarter pre-sales readings by real estate developers have reignited investor appetite for property stocks.