Realty index surges 108% from March low; DLF, Godrej Properties soar 100%

Since March 28, the market prices of DB Realty, Puravankara, and Prestige Estates Projects have zoomed over 200 per cent

Shares of real estate companies were on a roll with the market price of nine firms more-than-doubling from their March lows as the sector has been recording healthy performance, and continues to hold a strong business outlook.

The Nifty Realty index, too, has more-than-doubled, zooming 108 per cent, from its March 28, 2023 level of 372 on the National Stock Exchange (NSE). The realty index hit a multi-year high of 772.35 in the intraday trade on Thursday.

At 02:19 PM, the Nifty Realty index, the top gainer among sectoral indices, was up 3.5 per cent after the US Federal Reserve signaled it