Realty stocks rise as Maharashtra halves premium on realty projects

Mumbai, Jan 7 : Real estate stocks traded on a positive note on Thursday after the Maharashtra government slashed the premium on construction of realty projects by 50 per cent till December 31, 2021.
The reduction under the Development Control and Promotion Regulation 2034 would be applicable on all ongoing and new projects.
Around 12.25 pm, shares of Indiabulls Real Estate were trading on the BSE at Rs 84, higher by Rs 5.55 or 7.07 per cent from its previous close.
Godrej Properties’ shares were trading at Rs 1,477.95, higher by Rs 17.20 or 1.18 per cent from its previous close.
Shares of Oberoi Realty were trading 2.15 per cent higher at Rs 599.70.
Sunteck Realty shares on the BSE were at Rs 360.05, higher by Rs 12.25 or 3.52 per cent from its previous close.