BSE Realty rise for the fourth straight session; up 8% since Budget

BSE Realty has rallied nearly 8% since the Budget day against the 2.8% rise in Sensex

Realty stocks extended gains for the fourth session to surge up to 7.8% after the government on February 1 announced infrastructure status to affordable housing to encourage investment in this segment and offered tax sops to developers sitting on completed but unsold inventories.
 
Hailing the announcement, the BSE Realty index surged 3.5% to settle Monday’s trade at 1.9%. The index has rallied nearly 8% since the Budget day against the 2.8% rise in Sensex during the same period.
 
Among the individual stocks, HDIL rallied 7.8%, Godrej Properties surged 3.3%, Prestige jumped 2.8%, Unitech was up 1.9%, DLF rose