Indiabulls Realty, Prestige, Unitech surge up to 8%, realty tops sectoral chart
At 11 am, shares of Indiabulls Realty climbed 7.86% to Rs 86.50 on BSE.
By ETMarkets.com | Updated:
NEW DELHI: Shares of real estate players jumped up to 8 per cent in Thursday’s trade and were top sectoral performers. Minister of State for Housing and Urban Poverty Alleviation (HUPA) Rao Inderjit Singh on Wednesday said that his ministry has requested the state and UTs to consider rationalisation or waiver of stamp duty for affordable housing projects.
Sale of land and buildings will be out of the purview of GST, PTI reported. Such transactions will continue to attract the stamp duty, according to the legislations Finance Minister Arun Jaitley introduced in the Lok Sabha, it reported.
At 11 am, shares of Indiabulls Realty climbed 7.86 per cent to Rs 86.50 on BSE. Prestige Estates surged 7.07 per cent to Rs 216.55, Unitech sored 5.16 per cent to Rs 5.71 and HDIL advanced 4.05 per cent to Rs 80.90.
Others such as Sobha, DLF, Omaxe, Godrej Properties and Oberoi Realty advanced up to 2 per cent.
The BSE Realty index gained 37 points, or 2.4 per cent to 1,576.21 and was the top BSE sectoral index.
Sale of land and buildings will be out of the purview of GST, PTI reported. Such transactions will continue to attract the stamp duty, according to the legislations Finance Minister Arun Jaitley introduced in the Lok Sabha, it reported.
At 11 am, shares of Indiabulls Realty climbed 7.86 per cent to Rs 86.50 on BSE. Prestige Estates surged 7.07 per cent to Rs 216.55, Unitech sored 5.16 per cent to Rs 5.71 and HDIL advanced 4.05 per cent to Rs 80.90.
Others such as Sobha, DLF, Omaxe, Godrej Properties and Oberoi Realty advanced up to 2 per cent.
The BSE Realty index gained 37 points, or 2.4 per cent to 1,576.21 and was the top BSE sectoral index.
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