Why is Nuvama betting big on real estate stocks like Prestige Estates & Brigade?

Nuvama remains bullish on select realty counters, with Prestige Estates and Brigade Enterprises as their top picks. The brokerage cites strong positioning and long-term potential for these stocks, despite some short-term challenges. The real estate sector has seen improved profitability and cash flow, but the moderation in sales velocity has led to working capital build-up.