Shares of south India based real estate companies mainly Sobha, Prestige Estates Projects and Brigade Enterprises have fallen by up to 7 per cent on the National Stock Exchange (NSE) in intra-day trade on Friday after reports suggested that Karnataka government was mulling to ban construction activity in the state for 5 years owing to acute water supply shortage.
Among the individual stocks, Sobha dipped 7 per cent to Rs 507, followed by Brigade Enterprises (down 6 per cent at Rs 247) and Prestige Estates Projects (down 4 per cent at Rs 267) on the NSE.
All these
Among the individual stocks, Sobha dipped 7 per cent to Rs 507, followed by Brigade Enterprises (down 6 per cent at Rs 247) and Prestige Estates Projects (down 4 per cent at Rs 267) on the NSE.
All these