Realty index up 6.37% reacting positively to policy change
Published on Tue, Apr 29, 2008 at 15:34 | Source : Moneycontrol.com
Updated at Tue, Apr 29, 2008 at 15:46
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Realty index up 6.37% reacting positively to policy change
Realty sector grabbed the positive news from RBI with both hands. It reacted sharply towards it on positive side. Realty front runners were up 10% to 8% in todays trade. Unitech, DLF, HDIL were up 10%, 8.5% and 7% respectively.Other realty gainers were Sobha Developers, Phoenix Mill, Parsvnath, Akruti City etc which were up around 3% to 4%.
The RBI aims at a credit growth of 20% in FY09. It has increased the home loan limit of 50% risk weight to Rs 30 lakh from Rs 20 lakh. It hiked the CRR by 25 bps to 8.25%. It has left the Repo, Reverse Repo rates unchanged, which has been cheered by market.
RBI aims at 4-4.5% inflation going forward. It has set FY09 GDP growth target at 8-8.5%.
The realty sector grabbed the positive news from RBI with both hands. Realty index was up 6.37% in todays trading session. It reacted sharply towards it on positive side. Realty front runners were up 10% to 8% in today's trade. Unitech, DLF, HDIL were up 10%, 8.5% and 7% respectively.Other realty gainers were Sobha Developers, Phoenix Mill, Parsvnath, Akruti City etc which were up around 3% to 4%.
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