BSE unveils realty index

The Bombay Stock Exchange on Monday launched a realty index, which will track price movements of real estate stocks.

The launch follows the entry of several new players, including DLF Ltd, India's biggest real estate company, in the stock market.

The base year for the index is set at 2005 and the base index value is 1000. A total of 11 companies including DLF, Unitech, Indiabulls Real Estate, Parsvnath Developers, Ansal Properties, Mahindra Gesco Developers and Sobha Developers are constituents of the index.

The realty index was launched at a function to mark the 133rd Foundation Day of the BSE.