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Should you invest in realty as Rera comes into effect?

Investors who are looking to make a quick buck should exit, analysts say

Puneet Wadhwa & Deepak Korgaonkar  |  New Delhi / Mumbai 

Shares of real estate companies were in focus on Tuesday with the Nifty Realty Index gaining nearly 3% on the National Stock Exchange (NSE) in intra-day deals. By comparison, the Nifty 50 moved up 0.3% to 9,352 levels. Thus far in calendar year 2017 (CY17), the Nifty Realty index has rallied 56%, as compared with 14% rise in the Nifty 50 index. The outperformance in CY17 comes amid multiple developments on the policy initiatives front - from the implementation of Real Estate (Regulation and Development) Act, 2016 (RERA) that came into force with effect from May 1, 2017 - to amendments ...

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First Published: Tue, May 02 2017. 23:43 IST
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