Real estate shares gain on budget plan for REITs

Reuters Market Eye - Shares of real estate developers gain on finance minister Arun Jaitley's plan to provide incentives for the establishment of real estate investment trusts.

DLF Ltd gains 9 percent, Prestige Estates Projects rises 6.3 percent, Indiabulls Real Estate is up 5 percent while Housing Development and Infrastructure Ltd advances 5.4 percent.

(Reporting by Abhishek Vishnoi)