InvestorQ : What explains the sharp rally in realty stocks DLF, Godrej Properties, Prestige and Sobha on Wednesday 22-Sep?
Moii Chavate made post

What explains the sharp rally in realty stocks DLF, Godrej Properties, Prestige and Sobha on Wednesday 22-Sep?

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Tisha Malhotra answered.
3 months ago
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It is a classic case of low interest rates, reasonable real estate pricing and a focus on mid-line homes by the realty companies. Nifty Realty index scaled a life-time high after Godrej Properties reported Rs.575 crore sales in one single day in its NCR project. On 22 September, DLF and Godrej Properties were up 10% while others like Indiabulls, Prestige Estates, Sobha and Sunteck also gained sharply. Realty index gained 8.6% on Thursday.
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