Advertisement

HindustanTimes Fri,29 Aug 2014

Realty index up on move for regulator

HT Correspondent, Hindustan Times  New Delhi, June 05, 2013
First Published: 21:35 IST(5/6/2013) | Last Updated: 21:36 IST(5/6/2013)

A blockbuster market debut by e-commerce search service firm Just Dial and the cabinet approval of a Bill to create a real estate regulator livened up the stock markets on Wednesday, though key indices ended flat.

Advertisement

Realty companies with proven track records saw traction, with the BSE realty index gaining 1.35% to close at 1,698.61 points on Wednesday, while the Sensex closed flat at 19,568.22.

"The Cabinet approval for this proposed Bill is positive for investors, although it is going to give additional pain to realty firms in terms of procedural hassles," said G Chokkalingam, ED and CIO, Centrum Wealth Management.

'Good boys' with zero debt will benefit, said Gaurang Shah, assistant vice-president, Geojit BNP Paribas Financial Services.


Advertisement
more from Real Estate

Offers sops, lower taxes to boost realty sector: Builders

The real estate sector, which has been reeling under a crisis as fewer and fewer people have been buying homes for the past several months, wants the government to come out with a comprehensive housing policy in the state budget.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved