Real estate shares in focus; Godrej Properties hits record high

Shares of real estate companies were in focus with Nifty Realty index gaining more than 2 per cent on Thursday, on improved outlook especially for developers with large focus on commercial real estate.

Godrej Properties, Prestige Estates, Oberoi Realty, Indiabulls Real Estate and Sunteck Realty were up 2 per cent to 6 per cent on the National Stock Exchange (NSE).

At 11:21 am, the Nifty Realty index, the largest gainer among sectoral indices, was up 2 per cent at 284, as compared to a 0.39 per cent rise in the benchmark Nifty 50 index. The realty index was