Nifty Realty Historical Returns
The Nifty Realty index tracks listed real-estate developers.
Price history
Month-end values, on a log scale (equal distances are equal percentage changes). Hover a year-end point for its value.
About Nifty Realty
The Nifty Realty index tracks listed real-estate developers.
What it means for investors. Real estate is sensitive to interest rates and housing demand, and has been one of the most volatile sectors.
Returns over time
| Series | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y | Max fall | Data to |
|---|---|---|---|---|---|---|---|---|
| Nifty Realty | −16.5% | 10.3% | 9.0% | 14.1% | n/a | n/a | −56% | 23 Oct 2026 |
Annualised (CAGR) for periods of a year or more, ending on each series' latest date. “n/a” means the series does not go back that far. Max fall: the largest fall from a previous peak over the whole history.
NSE Indices daily index closing values (NSE archives, ind_close_all file). Data 11 Jun 2015 to 23 Oct 2026. Latest level: NSE daily index closing values. Returns use the fund NAV history, which includes dividends.
Mutual funds linked to Nifty Realty
MFIC groups that invest in this market, with medians for each group (medians across open-ended schemes, regular plans (etfs for etf categories), growth option, from amfi navs; NAVs as of 23 Oct 2026).
| Fund group | Link | Schemes | 1Y median | 3Y CAGR median | 5Y CAGR median | Ahead of benchmark TRI, 3Y |
|---|---|---|---|---|---|---|
| Equity ETF: Sector: Realty & housing (ETFs) | Track this market | 2 | −16.3% | n/a | n/a | – |
| Index Fund: Sector: Realty & housing | Track this market | 9 | −16.9% | +4.4% | n/a | – |
| Sectoral/Thematic: Realty & housing | Main market of active funds | 3 | −12.1% | +6.0% | +7.9% | 1 of 3 |
Groups follow AMFI categories; theme groups are MFIC's own grouping from scheme names. "Ahead of benchmark TRI" compares each scheme's 3-year return with its own benchmark's total return index as published by AMFI; it is not shown for index funds and ETFs, which aim to match their index. Listed by how closely the group follows this market, not ranked. Open a group for every scheme in it.
Calendar-year returns
| Year | Return |
|---|---|
| 2026 to 23 Oct | −10.7% |
| 2025 | −16.6% |
| 2024 | 34.4% |
| 2023 | 81.3% |
| 2022 | −10.8% |
| 2021 | 54.3% |
| 2020 | 5.1% |
| 2019 | 28.5% |
| 2018 | −33.0% |
| 2017 | 109.8% |
| 2016 | −4.2% |
| 2015 part year | −1.3% |
Over 10 complete calendar years since 2016, Nifty Realty rose in 6. Best: 2017 (+109.8%). Worst: 2018 (−33.0%).
Year-end to year-end, from NSE Indices daily index closing values (NSE archives, ind_close_all file).
Falls from peak and recovery
| Peak | Bottom | Fall | Months down | Back to peak | Months to recover | Events in the fall |
|---|---|---|---|---|---|---|
| Jun 2024 | Mar 2026 | −43.4% | 21 | not yet | — | Union Budget 2024; US tariff announcement; RBI cuts repo rate by 0.50 |
| Mar 2024 | Mar 2024 | −11.2% | <1 | Apr 2024 | 1 | — |
| Nov 2023 | Nov 2023 | −34.7% | <1 | Nov 2023 | <1 | — |
| Nov 2021 | Jun 2022 | −33.3% | 7 | Jul 2023 | 13 | Russia–Ukraine war begins; RBI off-cycle rate hike |
| Aug 2021 | Aug 2021 | −11.7% | 1 | Sep 2021 | <1 | — |
| Jan 2018 | May 2020 | −56.4% | 28 | Jul 2021 | 14 | Union Budget 2018; NBFC sell-off; General election results 2019; Corporate tax cut; and 3 more |
| Sep 2017 | Sep 2017 | −10.0% | <1 | Oct 2017 | 1 | — |
| Aug 2017 | Aug 2017 | −10.5% | <1 | Sep 2017 | 1 | — |
| May 2017 | May 2017 | −10.6% | <1 | Jul 2017 | 1 | — |
| Sep 2016 | Nov 2016 | −28.3% | 2 | Mar 2017 | 4 | Demonetisation |
| Oct 2015 | Feb 2016 | −31.6% | 4 | Jun 2016 | 3 | — |
| Jul 2015 | Aug 2015 | −20.1% | 2 | Oct 2015 | 2 | Yuan devaluation |
Each fall of 10% or more from a previous high, measured on daily data. The 12 deepest are shown. “Back to peak” is the first date it regained the previous high.
Rolling returns: the range of outcomes
| Holding period | Periods | Median | Worst | Best | Middle half | Positive |
|---|---|---|---|---|---|---|
| 1 year | 124 | 16.6% | −36.6% | 142.5% | −10.5% to 43.4% | 59% |
| 3 years | 100 | 19.7% | −10.8% | 47.5% | 10.6% to 28.3% | 88% |
| 5 years | 76 | 18.5% | 2.3% | 39.4% | 10.6% to 28.3% | 100% |
| 10 years | 16 | 17.4% | 15.3% | 19.6% | 15.8% to 18.0% | 100% |
Every holding period starting at a month-end in the history (overlapping). Annualised for periods over a year.
How it has moved with other assets
| Compared with | Correlation | Months |
|---|---|---|
| Nifty 50 | 0.75 | 135 |
| Gold (domestic, ₹) | −0.16 | 135 |
| 10-year G-Sec (bond fund) | 0.07 | 135 |
| USD/INR | −0.46 | 135 |
| Nifty Bank | 0.72 | 135 |
| Nifty PSU Bank | 0.63 | 135 |
Correlation of monthly returns over the months both series have: +1 moves together, 0 unrelated, −1 opposite. Relationships change over time.
Nifty Realty and the Nifty 50, year by year
| Year | Nifty Realty | Nifty 50 |
|---|---|---|
| 2026 to 23 Oct | −10.7% | −12.9% |
| 2025 | −16.6% | 11.6% |
| 2024 | 34.4% | 9.6% |
| 2023 | 81.3% | 20.9% |
| 2022 | −10.8% | 5.3% |
| 2021 | 54.3% | 25.2% |
| 2020 | 5.1% | 15.5% |
| 2019 | 28.5% | 13.2% |
| 2018 | −33.0% | 4.3% |
| 2017 | 109.8% | 29.7% |
| 2016 | −4.2% | 4.0% |
| 2015 part year | −1.3% | −3.3% |
Fund NAVs (AMFI), after fund costs.
Questions
- What has Nifty Realty returned over the long run?
- Calculated from NSE Indices daily index closing values (NSE archives, ind_close_all file), Nifty Realty returned 14.1% a year over the 10 years to 23 Oct 2026, and 10.3% a year over 3 years. Past returns do not indicate future returns.
- What was the biggest fall in Nifty Realty?
- In the data available from Jun 2015, the largest fall from a previous peak was −56.4%, from Jan 2018 to May 2020, and it regained the peak in Jul 2021 (14 months after the bottom). There were 12 falls of 10% or more, 7 of them 20% or more.
- How often has Nifty Realty been positive over one year?
- Across 124 one-year periods starting at month-ends, 59% were positive; the range was −36.6% to 142.5%. Over five-year periods (76), 100% were positive, with annualised returns from 2.3% to 39.4%.
Every Monday: index benchmarks and the median 1-month and 1-year return of every equity category, plus broad equity, hybrid and debt figures. Calculated from AMFI NAVs. Free; unsubscribe from any email.