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| Realty stands tall as cos plan new launches |
| BS Reporter / Mumbai May 27, 2009, 16:43 IST |
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Realty index soared 6% and finally ended at 31,517.
Ansal Properties & Infrastructure zoomed 10% at Rs 63. DLF surged around 8.5% to Rs 365.
Sobha Developers, Mahindra Lifespace Developers and HDIL gained over 6.5% each at Rs 193, Rs 272 and Rs 282, respectively.
Unitech, Orbit, Anant Raj Industries, Parsvnath Developers and Indiabulls Real Estate gained 3-6% each.
Peninsula Land, on the other hand, slipped over 4% to Rs 67. Akruti and Phoenix Mill were down 1% each.
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Updated at 1312 Hrs:
The BSE Realty index has turned out to be one of the biggest gainers in the market today following news of real estate gaints like DLF, Unitech and HDIL lining up 60 million square feet of new projects. Mid-income housing is the flavour of the year and accounts for around 90 per cent of the project under construction.
The Realty index opened up 3% at 3,419. The index gained 5% to a high of 3,486. It is now at 3,479. In the process, the index has surged 64% in the last two months.
DLF has soared 7.5% to Rs 362. Unitech has surged 5% to Rs 76. HDIL has gained 4.5% at Rs 277.
Sobha Developers, Anant Raj Industries, Orbit Corporation and Ansal Infrastructure have advanced 4-7% each. Indiabulls Real Estate and Parsvnath have also moved up.
However, Peninsula Land has shed 3% at Rs 67. Akruti City has slipped a per cent to Rs 479.
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