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Realty stocks jump after SEBI approves REITs

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Reuters
Last Updated : Aug 11 2014 | 10:05 AM IST

Reuters Market Eye - Realty stocks gain after market regulator gives final approval to establishment of REITs. The move will help the sector in reducing the high levels of debt in the sector, analysts say.

DLF Ltd gains 3.5 percent, Prestige Estates Projects Ltd is up 2.9 percent while Indiabulls Real Estate Ltd jumps 3.8 percent.

(To read main story, click https://bsmedia.business-standard.comin.reuters.com/article/2014/08/10/india-regulations-reit-idINKBN0GA0CS20140810)

(Reporting by Abhishek Vishnoi)

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First Published: Aug 11 2014 | 9:52 AM IST

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