Shares of real estate companies are trading higher by up to 5% in early morning deals after the Lok Sabha passes land acquisition bill.
Anant Raj Industries, Indiabulls Real Estate, Housing Development and Infrastructure (HDIL), Unitech, Peninsula Land and DLF are trading higher in the range of 1-6% on BSE.
The BSE realty index was up by 1.5% as compared to 0.32% rise in benchmark S&P BSE Sensex at 0942 hours.
The government says the bill, which will replace a muddled law dating back to the 19th century, will help speed up industrial investment by making the rules clearer.
Industry heads believe that the Land Acquisition will ensure smooth procedure and lesser delays in getting land for development, but will also spike costs of products by almost 20-25%, the media report suggests.
Anant Raj Industries, Indiabulls Real Estate, Housing Development and Infrastructure (HDIL), Unitech, Peninsula Land and DLF are trading higher in the range of 1-6% on BSE.
The BSE realty index was up by 1.5% as compared to 0.32% rise in benchmark S&P BSE Sensex at 0942 hours.
The government says the bill, which will replace a muddled law dating back to the 19th century, will help speed up industrial investment by making the rules clearer.
Industry heads believe that the Land Acquisition will ensure smooth procedure and lesser delays in getting land for development, but will also spike costs of products by almost 20-25%, the media report suggests.
