Nifty Realty index hits 52-wk high; DLF, Sunteck, Oberoi Realty up over 2%

State Bank of India on Wednesday launched Residential Builder Finance with Buyer Guarantee scheme to safeguard home buyers financially.

Shares of real estate companies advanced at the bourses on Thursday, gaining up to 6 per cent on the National Stock Exchange (NSE), after the State Bank of India (SBI) launched a Residential Builder Finance with Buyer Guarantee (RBBG) scheme to safeguard home buyers financially.

Sunteck Realty, Indiabulls Real Estate, DLF and Oberoi Realty were up more than 2 per cent each on the NSE in the intra-day trade today. Meanwhile, Sobha, Mahindra Lifespace Developers, and Godrej Properties gained in the range of 1 to 2 per cent.

Nifty Realty index, too, hit a 52-week high of 303.35 today, up 2 per