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Real estate shares in focus; Prestige Estates, Oberoi Realty up over 5%

Nifty Realty index, the largest gainer among sectoral indices, was up 2%, as compared to a marginal 0.07% rise in the Nifty 50 index at 12:05 pm.

RBI has said banks and HFCs need to strengthen their screening process in respect of lending to the segment
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RBI has said banks and HFCs need to strengthen their screening process in respect of lending to the segment

SI Reporter Mumbai
Shares of real estate companies are in focus, with Nifty Realty index gaining 2% on Friday, on hopes that liquidity may ease in the coming days after the Reserve Bank of India (RBI) on Thursday relaxed rules for non-banking financial companies (NBFCs).

Prestige Estates Projects and Oberoi Realty were up 8% and 6%, respectively, on the National Stock Exchange (NSE). Indiabulls Real Estates, Godrej Properties, Sobha, Kolte-Patil Developers Brigade Enterprises and Sunteck Realty gained 1% to 4%.

At 12:05 pm; Nifty Realty index, the largest gainer among sectoral indices, was up 2%, as compared to a marginal 0.07%

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