Pankaj Pandey is constructive on specific real estate players like Phoenix Mills, DLF, and Max Estates. He favors Phoenix Mills due to strong mall consumption growth and improved leasing activity, while DLF and Max Estates are preferred for their robust commercial assets which provide a balanced mix against potential residential softness.

Pankaj Pandey’s track record: 10 graded calls · 95% CI 2–40%

Nifty RealtyBullishCalled 12 Jan 2026Graded 19 Jul 2026
Verdict:MISS

Nifty Realty declined from ₹857.95 to ₹698.65, a decrease of 18.57%, which contradicts the bullish call.

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