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At a time when the Nifty Realty index is up 46% and major players such as Macrotech and Godrej are up 86% and 45%, respectively, Oberoi Realty has risen only 33%. But volumes and valuations may be camouflaging some engaging pointers.
Surat: Puna police of Surat city have booked three courier boys for diverting 50 parcels worth Rs 1 lakh in last one month.
Mumbai air quality: Macrotech Developers said that it is largely compliant with the BMC's air pollution guidelines.
The Nifty Realty index is up 49% this year, outperforming the Nifty 50. Realty stocks have gained due to high sales momentum and the strong economic recovery. Experts predict that the momentum will continue for the next few years.
Macrotech Developers, which sells properties under the 'Lodha' brand, added these land parcels through outright purchases and joint ventures with landlords.