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NEW DELHI: Nifty Realty index was trading with gains at 01:22PM (IST) on Tuesday. Shares of Prestige Estates Projects (up 6.17 per cent), DLF (up 4.08 per cent), Godrej Properties (up 3.8 per cent), Phoenix Mills (up 2.85 per cent) and Brigade Enterprises (up 1.98 per cent) were among the top gainers. While Oberoi Realty (down 1.18 per cent) and Omaxe (down 0.21 per cent) were the top losers in the index. The Nifty Realty index was trading 2.85 per cent up at 347.95 around 01:22PM. Benchmark NSE Nifty50 index was up 74.10 points at 14749.8, while the BSE Sensex was up 184.34 points at 49928.66. Among the 50 stocks in the Nifty index, 39 were trading in the green, while 11 were in the red.
NEW DELHI: Nifty Realty index were trading with gains at 01:33PM (IST) on Monday. Shares of Oberoi Realty (up 4.88 per cent), Phoenix Mills (up 3.97 per cent), DLF (up 3.75 per cent), Godrej Properties (up 2.62 per cent) and Prestige Estates Projects (up 2.03 per cent) were among the top gainers. While Sunteck Realty (down 1.67 per cent), Brigade Enterprises (down 1.04 per cent) and Omaxe (down 0.07 per cent) were the top losers in the index. The Nifty Realty index was trading 2.84 per cent up at 360.55 around 01:33PM. Benchmark NSE Nifty50 index was up 136.25 points at 15299.55, while the BSE Sensex was up 543.89 points at 52088.19. Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.
With the economic recovery picking up pace and attractive home prices, analysts say it is a good time for investors to put in money in stocks of real estate companies. Those who have spare funds and are looking to invest, buying a residential property now can is also be a good option from a long-term perspective. However, the return expectation of investors from these two asset classes should be realistic, especially from the stock market perspective, given the sharp run up in these counters since their March 2020 low. Over the past two years, residential real estate has been primarily driven by end-users. According to ANAROCK Property Consultants, investors accounted for just about 20 per cent of the overall buying activity. Over the years, implementation of the Real Estate (Regulation and Development) Act implemented in 2016 combined with other shocks such as demonetisation, the introduction of GST and now Covid-19, has led to a consolidation in this sector.