Sentiment was buoyed after the 23rd Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q42019 survey showed that the sentiment of the stakeholders in India have revived to the optimistic zone
The real estate sector has been struggling for the last three years and has not revived since demonetisation and the introduction of good and services tax (GST).
Brigade Enterprises, Kolte-Patil Developers, Sunteck Realty, Indiabulls Real Estate, Puravankara and Sobha among frontline realty stocks have become multi-bagger and rallied upto 587% so far in 2017.
Total 12 stocks include Kolte-Patil Developers, Sobha, DLF, Dilip Buildcon, Sunteck Realty, Indiabulls, Puravankara, Godrej Properties and Brigade Enterprises have rallied up to 370% so far in 2017.
