India Real Estate & REITs – Weekly Snapshot: 20 February 2026 By Arindam Bose ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ Indian real estate equities stabilised in the week of 20 February 2026 after last week’s sentiment-led shakeout. The tape did not signal a broad risk-on reversal — instead, flows were selective, favouring balance-sheet comfort, execution visibility and earnings-backed narratives. Large caps showed modest resilience. High-valuation names saw rotation rather than panic. Mid and small caps were far more bifurcated — with turnaround stories holding and liquidity-driven counters wobbling again. REITs, meanwhile, reverted to behaving like rate-sensitive income instruments rather than growth proxies. The market message is increasingly clear: valuation discipline has returned. ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ Large-Cap Realty: Weekly Snapshot Company Last Week Close (₹) This Week Close (₹) Weekly Cha...