Tuesday, September 17, 2019
News

Nifty Realty index close 4% higher over possible sops

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Thursday, 2019 1:15:05 AM IST
Listed real estate companies were back in favour on the streets amid expectation of big-ticket reform announcements by Finance Minister Nirmala Sitharaman later in the week.

The Nifty Realty index jumped over 4 per cent after Minister of State, Finance & Corporate Affairs, Anurag Thakur said that the government may make announcement for the realty sector in the coming days.

Consequently, the index finished highest among the 11 sectoral indices on the Nifty, with Oberoi Realty Ltd leading the pack with over 10 per cent gain.

Godrej Properties Ltd, Sunteck Realty Ltd and DLF Ltd gained in the range of 3 to 6 per cent on Wednesday.

The real estate sector relief expected this week may include solutions for stalled housing projects for stressed home buyers where projects could not be completed due to funding issues, official sources told IANS.

There have been demands for a stress fund to deal with stalled projects and bail out lakhs of stuck home buyers from both home buyers and builders. There will be solutions on those lines, sources said without divulging if it would be Rs 10,000 crore stress fund as sought.

--IANS ravi/sn/vd

( 202 Words)

2019-09-11-19:00:10 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Wipro ties up with German i4.0 for digit...
Govt nudges Apple Inc to increase Indian...
Delhi EV move may help save Rs 6,000 cr ...
Sensex, Nifty fall with attack on Saudi ...
August wholesale inflation unchanged fro...
Top Northern Command officers meet Finan...
More...
 
INDIA WORLD ASIA
Veteran journalist Ajay Singh President'...
Dalit BJP MP denied entry to a temple in...
BJP leaders extend birthday greetings to...
Ram Janmabhoomi Nyas based on malicious ...
Sonia considering Tanwar, Nayak as Delhi...
Stalin takes dig at purohits, backs 'ref...
More...    
 
 Top Stories
Shehbaz Sharif meets Nawaz in jail... 
Christian Navarro: Excited to see w... 
Garware CMD seeks fresh term amid c... 
Blast hits President Ghani's campai... 
J-K's cultural, religious monuments... 
52-year-old man reunited with famil... 
Delhi: JW Marriott Aerocity paves w... 
Former AP Speaker's suicide case is...