Realty index leaps to 15 yr-high; Lodha, Signature Global also at new peaks

Lodha hit a record high of Rs 805 on rallying 6 per cent on the National Stock Exchange (NSE) in intra-day deal today

Shares of real estate companies were buzzing in trade and prompted a sharp up move in the Nifty Realty index, which leaped to its highest level in 15 years on strong housing demand.

Nifty Realty index was quoting at its highest level since September 12, 2008. In Thursday's trade, it hit an intra-day high of 621.65, up 1.3 per cent, surpassing its latest 52-week high of 619.90 touched on October 13. 

Macrotech Developers (Lodha), Signature Global (India), Mahindra Lifespace Developers, Godrej Properties, Oberoi Realty and Sobha Developers were up between 2 per cent and 6 per cent in intra-day trade.

Lodha hit a