Realty shares in focus; DLF, Puravankara, Kolte Patil hit 52-week highs

DLF, HDIL, Suntech Realty, Puravankara, Ansal Buildwell, Kolte-Patil Developers and Indiabulls Real Estate were up more than 5%

Shares of real estate companies were in focus with DLF, Puravankara, Kolte Patil Developers, Sunteck Realty and Ajmera Realty hitting their respective 52-week highs on Friday. All these stocks were up in the range of 5% to 15% on the BSE in intra-day deal.

At 01:13 PM; the S&P BSE Realty index, the largest gainer among sectoral indices, was up 4% at 2,370, as compared to 1% rise in the S&P BSE Sensex.

The Government on Thursday approved the enhancement of the carpet area of houses for the middle-income group (MIG) category under the Pradhan Mantri Awas Yojana-