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Real estate stocks trade weak after SC stays construction in some states

Sunteck Realty, DLF, Indiabulls Real State, Mahindra Lifespace Developers, Ajmera Realty, Puravankara and Kolte Patil Developers were trading lower in the range of 1% to 3% on the BSE.

SI Reporter  |  Mumbai 

RBI has said banks and HFCs need to strengthen their screening process in respect of lending to the segment
RBI has said banks and HFCs need to strengthen their screening process in respect of lending to the segment

Shares of companies were trading lower by up to 3% in an otherwise range-bound market after the stayed construction in some states and union territories (UTs) till they frame policy on waste management.

Sunteck Realty, DLF, Indiabulls Real State, Mahindra Lifespace Developers, Ajmera Realty, Puravankara and Kolte Patil Developers were trading lower in the range of 1% to 3% on the BSE. and Godrej Properties, however, were trading higher by 3% and 1%, respectively.

At 11:03 am; the index, the largest loser among sectoral indices, was down 0.62% as compared to 0.21% rise in the benchmark S&P BSE Sensex.

“The on Friday castigated some states and union territories for "pathetic" attitude in not framing proper policy on solid waste management and stayed further constructions there till they brought it out,” the PTI report suggested. CLICK HERE TO READ FULL REPORT


First Published: Mon, September 03 2018. 11:11 IST
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