Defying gravity

Slowing home sales and a plummeting realty index are of little relevance to India's largest listed real estate developer DLF at the moment. The BSE Realty Index, outpacing the decline in the Sensex, has shed 15 per cent in the past month as a 9 per cent drop in 2024 residential sales across the top nine cities is fueling concerns of a broader slowdown. But in the eye of the storm, DLF has pulled off an extraordinary feat.