The Realty indices on both the Bombay Stock Exchange and National Stock Exchange were among the top gainers. The BSE Realty Index was up 1.1% while the Nifty Realty index was up 1.4%.
Among the stocks in the sector, DLF was up nearly 1%, HDIL was up 1.6%, Ashiana Housing rose 1.6%, Phoenix Mills gained 2.4%, Unitech surged 2.8% and Prestige Estates jumped nearly 3%.
The Bill will now be taken up for consideration and passing by the Parliament. In a statement the government said that the Bill will provide uniform regulatory environment to ensure speedy adjudication of disputes and orderly growth of the real estate sector.