Thursday, August 06
Realty stocks plunged 10% intraday, continuing their pre-budget lackluster show, likely disappointed by the absence of any big-ticket announcement for the sector. The Nifty Realty index fell 4.6% with nine scrips in the 10-stock index trading in the red following the Budget 2026 speech.Among the top intraday losers were Lodha Developers and Prestige Estates Projects, whose shares declined 10% and 8%, respectively. Others like Godrej Properties, DLF, Sobha, Oberoi Realty, The Phoenix Mills, Signatureglobal (India), and Brigade Enterprises also fell up to 7%.One expectation from this year's budget was an increase in the cap on deduction towards interest paid on home loans u/s 24(b) for self-occupied property, from the current Rs 2 lakh to Rs 3-5 lakh.While this remains a longstanding industr
