 "Real estate")
Shares of real estate companies were trading higher in the range of 3%-7% on the BSE ahead of the Securities and Exchange Board of India (Sebi) board meeting on Friday to make further relaxations to rules governing real estate investment trusts (Reits).
Zandu Realty (up 11% at Rs 1,581), SSPDL (8% at Rs 80), Sunteck Realty (8% at Rs 244), Kolte Patil Developers (7% at Rs 137), Sobha (6% at Rs 323) and Housing Development Infrastructure (5.5% at Rs 101) were up more than 5% each on the BSE.
Anant Raj Industries, Ansal Buildwell, Indiabulls Real Estate, DB Realty, Oberoi Realty, JMC Projects and DLF up 3%-5% as compared to 0.48% rise in the S&P BSE Sensex. At 01:10 PM, the S&P BSE Realty index, the largest gainer among sectoral indices, was up 2.5% at 1,462 points.
According to Business Standard reports, Sebi’s board is expected to approve changes to the Reit framework by allowing investments in under-construction projects, have a greater number of sponsors and easier approvals for related party transactions. LINK
Reits are investment vehicles that pool investors’ money to invest in rent-yielding real estate projects like office buildings or shopping malls. Sebi had first introduced Reit regulations two years before.
Zandu Realty (up 11% at Rs 1,581), SSPDL (8% at Rs 80), Sunteck Realty (8% at Rs 244), Kolte Patil Developers (7% at Rs 137), Sobha (6% at Rs 323) and Housing Development Infrastructure (5.5% at Rs 101) were up more than 5% each on the BSE.
Anant Raj Industries, Ansal Buildwell, Indiabulls Real Estate, DB Realty, Oberoi Realty, JMC Projects and DLF up 3%-5% as compared to 0.48% rise in the S&P BSE Sensex. At 01:10 PM, the S&P BSE Realty index, the largest gainer among sectoral indices, was up 2.5% at 1,462 points.
According to Business Standard reports, Sebi’s board is expected to approve changes to the Reit framework by allowing investments in under-construction projects, have a greater number of sponsors and easier approvals for related party transactions. LINK
Reits are investment vehicles that pool investors’ money to invest in rent-yielding real estate projects like office buildings or shopping malls. Sebi had first introduced Reit regulations two years before.
