How to ride the rally in real estate sector
Realty stocks continue the gaining momentum amid bullish outlook on India’s real estate sector. The Nifty Realty index has gained more than 7% in the last three trading sessions. Sentiment for the sector has furthermore been improved on signs of demand revival in the residential and commercial properties space.
One such recent example is Godrej Properties that has sold residential properties worth ₹575 crore in a single day at its luxury project in Noida. The Mumbai-based realty firm’s total sales bookings in this project in the past six months have touched about ₹1,140 crore.
“We have a very bullish view on the Indian real estate sector for the next 3-4 years and the market is also taking cognizance of the turnaround in the Indian realty sector where the Nifty realty index has been surging despite negative news are coming from Chinese…