oberoi realty

Realty index tumbled as non-disclosure of facts and income tax raids haunt market leaders.(Bloomberg Photo)

Realty stocks wobble on fears of regulatory, legal risks

By Vatsala Kamat | Livemint, Mumbai
UPDATED ON AUG 23, 2019 11:54 AM IST
The Nifty Realty index tumbled 10.8% since Monday’s close as issues of accounting transparency and governance that brought many companies to book in the post-RERA (Real Estate Regulation and Development) Act, 2016, continue to haunt investors in realty stocks.
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