Bengaluru, Dec. 1 -- The Nifty Realty index has taken a hit, dropping by 12% over this year. This downturn reflects broader sector challenges, with heavyweight stocks like Godrej Properties plunging almost 29%, Brigade Enterprises dropping over 26%, and Oberoi Realty sliding 16.6% over the last year.

Probable reasons for the underperformance Slow execution of projects, which leads to a gap between launches and delivery: The sector faces a creeping slowdown in project execution. Construction activity has slumped to an 8-year low, broadening the gap between new project announcements and actual physical completions. Developers continue to announce new projects, but fewer are under construction. This gap signals labour shortages, approval de...