Real estate upcycle: Possibly morphing into consumer discretionary The Economic Times
FY24 was an interesting year with strong gains across markets caps and sectors. While the Nifty 50 Index was up 29%, the Midcap Index was up 60%, the Smallcap Index was up 70%, Nifty 500 Index was up 39%. The best performing sector was Realty, with the Nifty Realty sector gaining 133%, coincidentally this was the best performance by this sector in a financial year ever since its origin.
This sector was for long considered an extension of the Construction sector. However, several changes have taken place over the last few years:
