Realty shares trade weak after status quo on GST rate

Ansal Properties & Infrastructure, Marathon Nextgen Realty, DB Realty, Purvankara, HDIL and Sobha were down in the range of 4 per cent to 6 per cent on the BSE.

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Positive impact of the policy reforms, including RERA and GST, have begun to bear fruit

SI Reporter Mumbai

Last Updated : Jan 11 2019 | 1:20 PM IST

Shares of real estate companies were trading weak and falling up to 6 per cent on BSE in the intra-day deal on Friday after the goods and services tax (GST) Council on Thursday deferred a decision on a tax rejig for residential properties.

Ansal Properties & Infrastructure, Marathon Nextgen Realty, DB Realty, Purvankara, Housing Development & Infrastructure (HDIL) and Sobha were down in the range of 4 per cent to 6 per cent on the BSE. DLF, Oberoi Realty, Indiabulls Real Estate and Prestige Estates were down 1 per cent each.

At 12:41 pm; the S&P BSE Realty index