Nifty Realty index rallies 4%; Godrej, DLF, Oberoi Realty gain up to 9%

In the past month, the realty index has rallied 21 per cent against 6 per cent gain in the Nifty50 index

Shares of real estate companies continued their northward movement, with the Nifty Realty index surging 4 per cent on the National Stock Exchange (NSE) on Wednesday on hopes of revival in demand.

Indiabulls Real Estate advanced 17 per cent to Rs 80 on the NSE on the back of heavy volumes. A combined 17.5 million equity shares had changed hands on the counter on the NSE and BSE.

Godrej Properties, DLF and Oberoi Realty were up in the range of 4 per cent to 5 per cent, while, Sobha, Sunteck Realty and Omaxe from the index were up