Godrej Properties, Oberoi Realty, DLF, Phoenix Mills Share Price Declines as Real Estate Sector Faces Selling
Godrej Properties, Oberoi Realty, DLF and Phoenix Mills were among major losers in real estate segment on Tuesday. Godrej Properties reported strong sales for its first real estate project in Hyderabad. DLF has recently witnessed strong sales for its premium real estate project in NCR region. The real estate sector is witnessing strong demand and we can expect these stocks to outperform in medium to long term. TopNews Team has reviewed technical levels for these stocks for short term traders. We have also reviewed the latest news about Godrej Properties witnessing strong business in Bangalore and Hyderabad.
Godrej Properties Expands Southern Footprint With Rs. 1,000 Crore Sales Milestone and New Land Acquisition
In a resounding market debut, Godrej Properties Ltd has surpassed Rs. 1,000 crore in sales from its maiden residential project in Hyderabad—an achievement underscoring both robust demand and the developer’s strategic push into high-growth Southern markets. The success of its premium housing project, located in the sought-after Kokapet micro-market, was swiftly followed by the acquisition of a 10-acre parcel in Bengaluru’s Yelahanka, signaling further intent to entrench its presence in key urban corridors. These twin developments reinforce Godrej Properties’ reputation as a top-tier national real estate brand pursuing market share in India’s most dynamic real estate clusters.
Blockbuster Launch in Hyderabad: Over Rs. 1,000 Crore in Sales
Godrej Properties has made a decisive entry into the Hyderabad residential market, reporting sales exceeding Rs. 1,000 crore within weeks of launch.
The developer’s flagship project, branded 'Godrej Madison Avenue,' has witnessed enthusiastic demand from homebuyers, with more than 300 units sold in record time. The development, located in Kokapet—an upscale suburb of Hyderabad—has recorded a sales volume of approximately 0.84 million square feet, a notable feat for a first-time entrant.
Kokapet is increasingly recognized as one of the most vibrant residential micro-markets in the city, driven by proximity to the financial district, excellent road connectivity, and growing infrastructure. The project's premium positioning and market-timed launch have contributed significantly to its swift absorption.
Technical Levels for Real Estate Stocks
Fibonacci Retracement Levels
| Stock | 0% | 23.6% | 38.2% | 50% | 61.8% | 100% |
|---|---|---|---|---|---|---|
| Godrej Properties | Rs 3,402.70 | Rs 2,998.72 | Rs 2,735.30 | Rs 2,651.85 | Rs 2,568.41 | Rs 1,901.00 |
| DLF | Rs 967.60 | Rs 884.88 | Rs 834.27 | Rs 794.80 | Rs 755.33 | Rs 622.00 |
| Phoenix Mills | Rs 2,068.50 | Rs 1,890.84 | Rs 1,780.62 | Rs 1,671.68 | Rs 1,562.74 | Rs 1,274.85 |
| Oberoi Realty | Rs 2,343.65 | Rs 2,115.59 | Rs 1,979.10 | Rs 1,851.45 | Rs 1,723.80 | Rs 1,359.25 |
Stock Commentary & Technical Outlook
Godrej Properties
Godrej Properties reported over Rs 1,000 crore in sales from its Hyderabad launch, strengthening its premium housing narrative. The stock has support at Rs 2,127, while Fibonacci projections indicate upside targets at Rs 2,440 and Rs 2,620. A breakout above Rs 2,218 could serve as a technical catalyst for renewed upward momentum.
DLF
DLF remains in a consolidation phase, hovering around support at Rs 691 with overhead resistance near Rs 770. Long-term fundamentals remain solid, with investor interest in commercial and residential expansion stories. Keep an eye on Rs 713—a breakout may signal bullish continuation toward the upper retracement zone.
Phoenix Mills
Phoenix Mills is trading in a well-defined range between Rs 1,650 and Rs 1,760, offering swing trade setups. The company’s strong revenue model based on retail rentals offers a cushion during market volatility. A decisive close above Rs 1,698 could trigger tests of upper Fibonacci levels around Rs 1,780+.
Oberoi Realty
Oberoi Realty has found a base at Rs 1,621, rebounding into a consolidation band near Rs 1,700. Technical indicators suggest accumulation on dips near Rs 1,590 may be viable. The stock remains poised to retest higher levels if broader sentiment turns risk-on.
Hyderabad’s Kokapet Emerges as a Premium Housing Magnet
Kokapet has evolved into a high-demand residential node, catering to discerning urban buyers and IT professionals alike.
With its blend of connectivity, infrastructure, and high-income demographic, Kokapet presents fertile ground for developers seeking premium residential sales. Its adjacency to the Outer Ring Road and employment hubs such as Gachibowli and HITEC City makes it a preferred location for high-end real estate investments.
Godrej Properties’ successful entry into this market not only validates the potential of Kokapet but also emphasizes the company’s capability to execute large-scale launches that resonate with buyer preferences in tier-one urban markets.
Strategic Land Acquisition in Yelahanka, Bengaluru by Godrej Properties
In another forward-looking move, Godrej Properties has acquired a 10-acre land parcel in the Yelahanka region of North Bengaluru.
This acquisition, located strategically along National Highway 44, is projected to unlock a developable potential of roughly 1.5 million square feet. The estimated revenue potential from this project stands at approximately Rs. 2,500 crore, making it one of the more substantial additions to the firm’s Bengaluru portfolio.
The upcoming development will likely feature a combination of premium residential units and high-street retail formats—aligning with the company’s positioning in top-tier micro-markets.
Yelahanka: North Bengaluru’s Real Estate Powerhouse
Yelahanka is rapidly establishing itself as a high-growth zone, driven by connectivity, infrastructure, and livability.
Situated along the arterial Bengaluru International Airport Road, Yelahanka boasts strong social and civic infrastructure, including renowned hospitals, educational institutions, and retail spaces. Its evolving status as a residential and commercial hub has made it a preferred destination for both end-users and investors.
Godrej’s entry into this micro-market is both timely and strategically sound, as it leverages the area’s growing appeal and infrastructure-led expansion.
Deepening Southern Presence as a National Strategy
The company’s back-to-back announcements in Hyderabad and Bengaluru signal a deliberate effort to scale up in India’s Southern real estate markets, which continue to outperform other regions in terms of affordability, growth, and infrastructure quality.
While Godrej Properties already has a strong footprint in Mumbai and Pune, its expanded operations in South India align with a broader strategy to tap into diversified regional demand and mitigate concentration risks.
Bengaluru, Hyderabad, and Chennai are forecasted to lead housing sales growth in the coming years, offering fertile ground for developers with brand trust and execution capability.
