Prestige Estates, Anant Raj, Brigade Shares Rise Up To 8% As Realty Stocks Rally; Here’s Why
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Anant Raj led the NIFTY Realty pack with a nearly 8% intraday gain, while the sector index extended its recent run. Prestige Estates gained after adding a 17.14-acre Gurgaon land parcel to its residential portfolio, with the project carrying an estimated ₹5,600 crore gross development value.
Shares of real estate companies rallied on Thursday, September 3, with Anant Raj leading gains among the NIFTY Realty constituents, while Prestige Estates Projects, Aditya Birla Real Estate and Brigade Enterprises also advanced.
The NIFTY Realty index soared as much as 3.05% to an intraday high of 920.35, against Wednesday’s close of 893.15. At around 11:48 am, the index was trading 2.52% higher at 915.65. All 10 constituents of the index were trading in positive territory during the session.
The rally adds to the sector’s strong recent performance. The NIFTY Realty index has gained 19% over the past three months and more than 18% over the past six months. On a year-to-date basis, the index is up 3%.
Why Are Realty Stocks Rising Today?
Realty stocks were among the strongest performers in Thursday’s session, with buying seen across the sector. Anant Raj led the gains, while Prestige Estates also advanced after announcing a new residential development in Gurgaon with an estimated GDV of ₹5,600 crore.
The broader market was also positive, with the Sensex and Nifty 50 trading higher in late-morning trade. However, the gains in real estate stocks were significantly stronger than the broader market, pushing the NIFTY Realty index to the top of the sectoral leaderboard.
Anant Raj Share Price: Stock Jumps 8%
Anant Raj was the standout performer among the NIFTY Realty constituents, with the stock climbing as much as 7.8% to an intraday high of ₹634.60 on the NSE, compared with Wednesday’s close of ₹588.85. At the time of writing, the stock was trading 7.25% higher at ₹631.55.
The stock has gained around 4% over the past week and 14% so far this year. However, it remains below its 52-week high of ₹743.65, hit on October 7, 2025. The stock had fallen to a 52-week low of ₹403 on March 30, 2026.
Prestige Estates Share Price: Why Is The Stock Rising?
Prestige Estates Projects rose as much as 3.7% to ₹1,641.40 on Thursday, compared with Wednesday’s close of ₹1,582. The stock was trading 3.38% higher at ₹1,635.50 at the time of writing.
The gains came after Prestige Group announced that it had added a 17.14-acre land parcel in Sector 109, Gurgaon, to its residential development portfolio.
The proposed project will have a saleable area of around 2.8 million square feet and an estimated gross development value (GDV) of approximately ₹5,600 crore.
The land parcel has connectivity to the Dwarka Expressway and provides access to key residential, commercial and social infrastructure across Gurgaon and Delhi.
Prestige Group Chairman and Managing Director Irfan Razack said the company is building scale and depth in the NCR after entering the region’s residential market last year. The group has several projects planned across the NCR in FY27 and expects the region to become an increasingly important contributor to its sales trajectory.
The latest land addition comes as Prestige continues to expand its development pipeline. As of June 2026, the group had delivered 319 projects covering 216 million square feet, while its pipeline stood at 137 projects spanning 229 million square feet.
Aditya Birla Real Estate, Brigade Enterprises Shares Gain
Aditya Birla Real Estate advanced as much as 4.19% to ₹1,386.90, compared with Wednesday’s close of ₹1,331.10. The stock was trading 3.70% higher at ₹1,380.40 at the time of writing.
Despite Thursday’s gains, the stock has slipped around 1% over the past week and nearly 4% over the past month. It remains down 18% year-to-date.
Brigade Enterprises rose to an intraday high of ₹670.80, compared with its previous close of ₹640. The stock was trading 3.32% higher at ₹661.25 at the time of writing.
The company had informed the exchanges on September 1 that it incorporated two wholly owned subsidiaries, Celebrations Property Private Limited and Tetrarch Estates Private Limited. Both subsidiaries will undertake the development of real estate projects.
The broader realty pack was firmly in the green during Thursday’s session, with all 10 NIFTY Realty stocks advancing.
At around 11:42 am, the Sensex was up 197 points, or 0.26%, at 76,767.61, while the Nifty 50 gained 52 points, or 0.22%, to 23,966.40. Market breadth was positive, with 2,382 shares advancing against 1,293 declining.
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Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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