 "Real Estate")
The real estate industry is not happy with the measures announced by the government to revive the market. The proposed fund, primarily targeted at affordable and mid-level housing projects that are 60 per cent complete, has left out majority of the pending projects.
After Saturday’s announcement, the stock market reacted negatively on Monday. The realty index at the BSE closed 0.84 per cent lower than the previous close on Friday. Seventy per cent of the stocks in the index — DLF, Omaxe, Sobha, Prestige Oberoi Realty and Godrej Properties, among others — ended in the red.
According to
After Saturday’s announcement, the stock market reacted negatively on Monday. The realty index at the BSE closed 0.84 per cent lower than the previous close on Friday. Seventy per cent of the stocks in the index — DLF, Omaxe, Sobha, Prestige Oberoi Realty and Godrej Properties, among others — ended in the red.
According to
