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The Nifty Realty Index gained as much as 4.7 percent today, backed by HDIL, DLF, Indiabulls Real Estate, Unitech, Prestige Estates, Godrej Properties, Brigade Enterprises and Sobha.
Realty stocks rallied up to 10 percent intraday Friday after the government on Thursday approved the enhancement of the carpet area of houses for the middle income group (MIG) category under the Pradhan Mantri Awas Yojana-Urban (PMAY-U). The upside was also partly led by positive market conditions after Moody's upgraded India's sovereign rating to Baa2 and changed the outlook to stable from positive.
The Nifty Realty Index gained as much as 4.7 percent today, backed by HDIL, DLF, Indiabulls Real Estate,Unitech, Prestige Estates, Godrej Properties, Brigade Enterprises and Sobha.
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