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Shares of real estate companies were trading higher on the bourses in early morning deal on hopes the forthcoming budget may include sops to the housing sector.
Oberoi Realty has rallied 8% to Rs 334, also its 52-week high on BSE. Ajmera Realty too surged 8% to Rs 130, followed by Puravankara Projects (4% at Rs 82), Prestige Estates Projects (4% at Rs 282) and National Building Construction Corporation (3% at Rs 855) have rallied between 3-8%, while Unitech, DLF, Sobha and Housing Development and Infrastructure (HDIL) up 1% each on BSE.
At 0955 hours, S&P BSE Realty index was up 1.5% compared to 0.08% rise in the benchmark S&P BSE Sensex.
According to PTI reports, the real estate industry sought more tax incentives and lower interest rates for the home buyers in the upcoming Budget to revive demand.
Oberoi Realty has rallied 8% to Rs 334, also its 52-week high on BSE. Ajmera Realty too surged 8% to Rs 130, followed by Puravankara Projects (4% at Rs 82), Prestige Estates Projects (4% at Rs 282) and National Building Construction Corporation (3% at Rs 855) have rallied between 3-8%, while Unitech, DLF, Sobha and Housing Development and Infrastructure (HDIL) up 1% each on BSE.
At 0955 hours, S&P BSE Realty index was up 1.5% compared to 0.08% rise in the benchmark S&P BSE Sensex.
According to PTI reports, the real estate industry sought more tax incentives and lower interest rates for the home buyers in the upcoming Budget to revive demand.
