Top Picks: DLF and Sobha Developers Over last 3M, BSE Realty index has underperformed Sensex by 3%. Our channel check suggest, dull underlying residential demand as investors remain on the fringes. Launches have slowed as developers are focusing on monetizing nearing completion inventory. Property as an asset class has gone down in the investment pecking order as prices remain unaffordable in the mid-luxury to luxury segments.