Realty shares see profit booking on Budget day; Lodha, Godrej Properties decline up to 5% - Here's why

Realty shares faced profit booking on Budget day, with the Nifty Realty index dropping over 2% due to a lack of major policy support for affordable housing. CREDAI expressed disappointment, warning that the share of affordable housing could decline from 18% to 12%. Major stocks like Lodha and Godrej Properties fell up to 5%. While some industry players noted potential long-term benefits from the Budget's focus on infrastructure, others criticized the limited direct relief for the real estate sector. The Union Budget raised public capital expenditure to Rs 12.2 lakh crore, emphasizing infrastructure-led growth.