{"id":23842,"date":"2021-09-23T17:35:08","date_gmt":"2021-09-23T12:05:08","guid":{"rendered":"https:\/\/plyinsight.com\/?p=23842"},"modified":"2021-11-07T16:32:30","modified_gmt":"2021-11-07T11:02:30","slug":"bse-realty-index-hits-11-year-high","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/bse-realty-index-hits-11-year-high\/","title":{"rendered":"BSE Realty index hits 11-year high,"},"content":{"rendered":"
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The BSE Realty Index, a gauge for the performance of real estate stocks, hit a 11-year high on Wednesday. The gauge posted its biggest single day gain in over four years as a spurt in property registrations and low home loan rates triggered hopes of demand revival for the sector.<\/strong><\/p>\n

Shares of Godrej Properties zoomed 13 per cent, DLF rose 11.6 per cent and Indiabulls Real Estate surged 8.9 per cent amid across-the-board buying in realty shares.<\/p>\n

Real estate developers, analysts and consultants said the low interest rates on home loans will boost sales of residential properties in the upcoming festive season, which accounts for a major portion of yearly sales.<\/p>\n

Mumbai may record a registration of 6500+ units, in September 21, which is highest in the decade.<\/p>\n

Godrej Woods in Noida, claimed that, it achieved sales of Rs 575 crore in a single day at the launch of the second phase of its project.<\/p>\n

A survey said over 80 per cent of prospective buyers are likely to make a purchase within the next three months.<\/p>\n

The current time has been correctly identified as one of unprecedented opportunity, where high demand and low property rates coincide. The 2021 festive season will set a new benchmark where the entire industry pulled together to harness latent demand for homes,\u201d<\/strong><\/p>\n

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