Ramkrishna Forgings Ltd, Tata Steel Ltd Partly Paid Up, Excel Industries Ltd and Indiabulls Real Estate Ltd are among the other gainers in the BSE s A group today, 07 January 2021.
Ramkrishna Forgings Ltd, Tata Steel Ltd Partly Paid Up, Excel Industries Ltd and Indiabulls Real Estate Ltd are among the other gainers in the BSE s A group today, 07 January 2021.
IDFC Ltd spiked 12.55% to Rs 43.05 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 931.28 lakh shares were traded on the counter so far as against the average daily volumes of 8.36 lakh shares in the past one month.
Read more about Real Estate shares rise on Business Standard. Real Estate stocks were trading with gains, with the S&P BSE Realty Index index rising 67.36 points or 2.67% at 2585.65 at 09:48 IST.
Mumbai Homes May Become Cheaper As Levies Are Slashed Mumbai Homes May Become Cheaper As Levies Are Slashed Due to scarcity and high cost of land in Mumbai, developers prefer to build vertically, often more than what the ratio of floor space to total plot area allows.
Construction creates the most jobs in India each year.
Homes prices may fall in Mumbai, India s costliest housing market, after the local administration slashed levies by as much as 50% until December 2021.
Maharashtra state cut various levies on construction projects on the recommendation of a government-appointed committee headed by Deepak Parekh, chairman of Housing Development Finance Corp. The move will likely bring down development costs for most builders and result in lower home prices for buyers in addition to boosting stocks of realty developers.
Real Estate stocks were trading with losses, with the S&P BSE Realty Index index decreasing 0.36 points or 0.01% at 2477.78 at 13:48 IST. Among the components of the S&P BSE Realty Index index, Sobha Ltd (down 1.39%), Brigade Enterprises Ltd (down 1.18%), Indiabulls Real Estate Ltd (down 0.91%), Godrej Properties Ltd (down 0.67%), Phoenix Mills Ltd (down 0.31%), and Mahindra Lifespace Developers Ltd (down 0.27%), were the top losers. On the other hand, Sunteck Realty Ltd (up 1.67%), Prestige Estates Projects Ltd (up 1.5%), and DLF Ltd (up 0.41%) turned up.
At 13:48 IST, the S&P BSE Sensex was up 152.25 or 0.32% at 47903.58.
The Nifty 50 index was up 44.05 points or 0.32% at 14025.8.
Read more about Sobha Ltd Spurts 2.28%, S&P BSE Realty Index index Gains 1.14% on Business Standard. Sobha Ltd has added 23.88% over last one month compared to 16.1% gain in S&P BSE Realty Index index and 6.69% rise in the SENSEX