Realty scrips gain ground on Maharashtra fee waiver
Chennai |
Updated on
Our Bureau
Realty stocks were in demand on Thursday after Sobha Ltd came out with strong Q3 volumes and the Maharashtra government slashed premiums and levies charged on construction by 50 per cent till December 31.
Analysts turned bullish on real estate counters, as they expect other State governments will also announce similar concession to the sector, which is one of the top job creator.
The BSE Realty index jumped 1.23 per cent on Thursday with Indiabulls Real Estate registering highest gains of 14.3 per cent at ₹89.65. Sobha jumped 7.6 per cent, while Brigade Enterprises, Mahindra Lifespace, Sunteck Relaty, DLF and Prestige Estates gained between 0.5 per cent and 2.5 per cent.