Nifty Realty index surges nearly 3%; DLF, Prestige Estates advance 5% each

Pick-up in demand and supportive measures from the government have aided in revival of sentiments for the sector.

Shares of real estate companies were in focus with the Nifty Realty index gaining nearly 3 per cent on the National Stock Exchange (NSE) on Thursday on the expectation of revival of the real estate sector.

DLF and Prestige Estates Projects rallied 5 per cent each and Godrej Properties gained 4 per cent, while Sobha, Indiabulls Real Estate and Brigade Enterprises were up in the range of 2 per cent to 3 per cent on the NSE.

At 10:13 am, the Nifty Realty index, the top gainer among sectoral indices, was up 2.98 per cent, as compared to a 0.11 per cent