 "Godrej Properties")
The Godrej Properties stock has gained about 35 per cent in four trading sessions hitting its all time highs in the process. The stock is the biggest gainer among realty stocks over the last month rising 49 per cent as compared to the Nifty Realty gains of 34 per cent.
Strong demand for new launches has led to a rally in real estate stocks with the organised players benefitting from market share gains and expanding their portfolios. Further, rate cuts by home finance companies are also expected to spur demand during the festival season adding to sales volumes of developers.
