HSBC rates Prestige Estates and Sobha 'buy' in Mumbai, DLF and Godrej Properties 'hold', and Oberoi Realty'reduce'. The brokerage company raised its share price predictions for several firms, indicating that interest rate swings and new projects would likely affect their profitability.

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.