Nifty Realty index at 7-year high; up 7% in three days

Shares of real estate companies continued their upward movement with the Nifty Realty index hitting 52-week high of 321 on the National Stock Exchange (NSE) in intra-day trade on Monday on expectation of improvement in demand for property.

At 02:53 PM; Nifty Realty index, the largest gainer among sectoral indices, up 2% at 320, as compared to 0.17% rise in Nifty 50 index. In past three trading sessions, the realty index surged 7% against 1.8% rise in the benchmark index. The index is trading at its highest level since April 2011.

The Government on Thursday approved the enhancement