Realty stocks jumped up to 7.2% on Friday after the rate-setting committee of the Reserve Bank of India (RBI) left the repo rate unchanged for the seventh time in a row. Mahindra Lifespace Developers gained the most in the Nifty Realty index. The other top gainers were Godrej Properties, Oberoi Realty, DLF, Brigade Enterprises, Macrotech … Read more
Shares of realty developer Macrotech Developers (Lodha) surged 43% in the past week as property registrations remained buoyant in Mumbai and Maharashtra in February. Despite the recent rally, the stock has lost nearly 10% on a year-to-date basis. February housing unit registrations in Mumbai were down 7% year-on-year (YoY) but rose 8% month-on-month (MoM) despite … Read more
Realty, part of the residential-commercial project industry, has rallied over 170 per cent in a year compared to a 9 per cent gain seen in the Nifty Realty index in the same period. Experts suggest the momentum is still not over yet. The real estate company bounced back after hitting a low of Rs 42.25 … Read more