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Nifty Realty index surges 5%; Indiabulls Real Estate, DLF rally up to 13%

Indiabulls Real Estate said the affordability of real estate is at a multi-year high with declining interest rates

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Over the last six months, residential real estate has witnessed a strong recovery

SI Reporter Mumbai
Shares of real estate companies rallied at the bourses on Tuesday, with the Nifty Realty index surging nearly 5 per cent after Indiabulls Real Estate said it is seeing high demand for completed products, and continues to expect robust collections for the rest of the financial year.

In an investor presentation, the Mumbai-based real estate developer said the affordability of real estate is at a multi-year high with declining interest rates. The stock of Indiabulls Real Estate zoomed 13 per cent to Rs 87.90 on the National Stock Exchange (NSE) on Tuesday on the back of heavy volumes. A