After sharp run in realty stocks, analysts say it's time to be selective

While analysts remain bullish on the road ahead for the sector, they do caution that a full recovery is still far away

For a sector that was shunned by investors in 2018, the recovery in the real estate stocks the first half of calendar year 2019 (H1CY19) has been quite sharp and swift. This is despite the liquidity issues and the fact that most players in the segment have been saddled with huge inventory since the past few years owing to tepid demand.

At the broad index level, the Nifty Realty has outperformed the Nifty 50 with a rise of nearly 20 per cent thus far in H1CY19, as compared to 9 per cent up move in the frontline benchmark. In