It was a rough morning for real estate stocks. Shares of Oberoi Realty and Lodha Developers tanked on July 23 after a huge Rs 3,400 crore block trade spooked investors.
According to Bloomberg, global investor Invesco may have offloaded big stakes in both companies. While there’s no official confirmation yet, market sources suggest Invesco sold about 1.11 crore shares of Oberoi Realty and 99.5 lakh shares of Lodha Developers in early trade.
These trades weren’t small. The Oberoi Realty deal was worth $230 million, while the Lodha block fetched $165 million. Both were sold at a 4% discount to the market price. And that hit sentiment hard.
Realty Index Takes a Hit
As a result, the NSE Realty index slipped over 2.5% in morning trade. This was the second straight day of losses.
Oberoi Realty shares dropped nearly 4%, while Lodha fell over 5%. The selling didn’t stop there. Other real estate names like Brigade Enterprises, Prestige Estates, Raymond Realty, and Godrej Properties also lost over 2%.
This isn’t just a dip. It shows how a big global exit can shake up an entire sector in minutes.
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Where Do Oberoi Realty and Lodha Stand Now?
Oberoi Realty is already under pressure in 2025. Its stock is down over 22% for the year. In contrast, Lodha Developers (also known as Macrotech Developers) is flat year-to-date.
This move might signal a larger shift in how foreign investors see Indian real estate. If big players like Invesco are cutting exposure, others might follow.
What’s Next for Investors?
Block trades like these often mean two things — either the seller is booking profits, or they see trouble ahead. Whatever the reason, this Rs 3,400 crore move has created a storm.
While the dust settles, investors will be watching if new buyers step in. For now, Oberoi Realty and Lodha Developers are under the spotlight, and the real estate sector is feeling the heat.
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