Nifty Realty index zooms 104% in 2017; DLF,Godrej Properties soar over 125%

Brigade Enterprises, Kolte-Patil Developers, Sunteck Realty, Indiabulls Real Estate, Puravankara and Sobha among frontline realty stocks have become multi-bagger and rallied upto 587% so far in 2017.

Shares real estate companies continue at their upward journey with the Nifty Realty index hitting a fresh 52-week high of 337.65 on the National Stock Exchange (NSE) in intra-day trade. The index has gained over 100% thus far in the calendar year 2017 (CY17).

At 10:08; Nifty Realty index, the largest gainer among sectoral indices, was up 1.2% at 337 on Tuesday, and has zoomed 104% from its 165.4 levels on December 30, 2016, on the back of an improvement in affordability, and multiple developments on the policy initiatives front during the current year. By comparison, Nifty 50 was