Realty shares in focus; Prestige, Godrej Properties, DLF rally up to 10%

The S&P BSE Realty index up 3 per cent was the top gainer among sectoral indices on Tuesday.

Shares of real estate companies were in focus with the S&P BSE Realty index surging 3 per cent, hitting 52-week high on the BSE in Tuesday's intra-day trade on expectation of strong demand. Prestige Estates Projects, Godrej Properties, DLF, Oberoi Realty and Phoenix Mills rallied up to 10 per cent.

At 10:22 AM; the S&P BSE Realty index, the top gainer among sectoral indices, was up 3 per cent, as compared to 0.57 per cent rise in the S&P BSE Sensex.

During Q2FY24 (July–September 2023), eight residential markets in India saw a surge in demand with sales of 82,612 residential