Realty scrips made marginal gains on Wednesday, a day after changes were approved by the cabinet in the real estate bill.
Realty shares on the Bombay Stock Exchange (BSE) surged by 1.13 percent on Wednesday as the S&P Index on the bourse gained by 19.99 points.
Out of 13 companies listed on the S&P BSE realty index, share prices of nine companies rose between 0.44-4.67 percent, though the prices of four companies fell between 0.15-1.29 percent.
Stocks of Anantraj gained the highest at 4.67 percent while HDIL, Unitech and Oberoi Realty scored moderate between 1.74-3.93 percent.
Mahindra Lifespace Developers lost the highest during the day's trade as it fell by 1.29 percent with the valuation per stock closing at 490.75.
The Prestige group was the second-highest hit as it lost by 1.10 percent during the trade period closing at 279.25.
Godrej Properties and DLF lost moderately at 0.87 and 0.15 percent, respectively.
The union cabinet on Tuesday approved changes to the real estate bill.
Some of the changes brought to the original Real Estate (Regulation and Development) Bill, 2013, include the inclusion of commercial real estate within the ambit, as opposed to just residential projects and the lowering of the minimum amount against advances to be held in a neutral account.
Another addition is the inclusion of brokers and agents under the proposed legislation's purview, effectively rendering them punishable in case of non-compliance with the rulings of the watchdog and the dispute settlement tribunal.
