Realty shares rebound after FM announces measures to boost sector

Godrej Properties, Oberoi Realty, Prestige Estates and Brigade Enterprises from the Nifty Realty index were up 1 per cent each, recovering by upto 2 per cent from their respective intra-day's low.

Shares of real estate companies were in focus on Thursday, recovering from intra-day lows, after Finance Minister Nirmala Sitharaman announced a new set of stimulus measures to boost the sector.

Among individual stocks, Godrej Properties, Oberoi Realty, Prestige Estates and Brigade Enterprises from the Nifty Realty index were up 1 per cent each, recovering by up to 2 per cent from their respective intra-day lows on the National Stock Exchange (NSE). At 02:31 pm, Nifty Realty index was up 0.74 per cent, as compared to 0.68 per cent decline in the Nifty50 index.

The government announced relaxations in