Blocks deals worth $371 million were seen in the stocks of two real estate companies — Oberoi Realty and Lodha Developers.

The seller in the two blocks was the same investor, Invesco Developing Markets Fund.

Exchange filing showed that Invesco sold around 1.1 crore shares of Oberoi Realty or 3 per cent of its equity at ₹1,754.26 per share for a total amount of ₹1,883.2 crore ($218 million). One of the buyers was SBI Mutual Fund that picked up 40.94 lakh shares at ₹1,754.10 each for ₹718 crore.

Invesco has exited its entire investment of 3 per cent stake in the company it held at June-end.

The names of the rest of the buyers were not disclosed.

In Lodha Developers, Invesco sold around 95.3 lakh shares or just about 1 per cent of its equity at ₹1,384.93 per share for a total amount of ₹1,319.8 crore ($152.8 million). Invesco has exited the company through this block.

The names of the buyers was not disclosed, but sources said that a number of domestic funds as well as overseas funds had been buyers in the shares of Lodha as well as Oberoi Realty.

Mixed performance

Shares of real estate companies have been mixed this year and while there have been spikes, there have also been steep falls.

A quick look at the charts show that Oberoi Realty shares have fallen from ₹2,300-levels at the start of the year to lower than ₹1,800 now.

Shares of Lodha are almost back at the levels they were at the beginning of 2025.

Published on July 23, 2025