Realty stocks were trading jubilantly, as a report on residential market has said that the affordable housing market doubled in new launches in the first half of 2016 as against the same time last year.
Prestige Estate Projects is currently trading at Rs. 194.00, up by 1.65 points or 0.86% from its previous closing of Rs. 192.35 on the BSE. The scrip opened at Rs. 193.80 and has touched a high and low of Rs. 194.25 and Rs. 193.80 respectively. So far 161 shares were traded on the counter.
Sobha is currently trading at Rs. 306.00, up by 1.35 points or 0.44 % from its previous closing of Rs. 304.65 on the BSE. The scrip opened at Rs. 304.50 and has touched a high and low of Rs. 307.15 and Rs. 304.45 respectively. So far 1658 shares were traded on the counter.
Brigade Enterprises is currently trading at Rs. 168.10, up by 0.55 points or 0.33 % from its previous closing of Rs. 167.55 on the BSE. The scrip opened at Rs. 167.50 and has touched a high and low of Rs. 168.35 and Rs. 167.50 respectively. So far 182 shares were traded on the counter.
The number of launches in affordable housing has doubled in the first half (H1) of 2016 on a yearly basis. At the high end, housing launches declined by 29 per cent as compared to same time last year.
The top eight cities saw launches of 17,000 units in H1 in the affordable segment, a rise of 95 per cent over the same period last year, said the report. The highest was in Pune at 4,170 units, followed closely by Bengaluru at 4,155.
The total of launches across all segments was 60,000 units, an increase of 17 per cent over a year. Mid-level housing saw launches of 36,267 units, a tenth higher than H1 of 2015. High-end residential units saw a 29 per cent decline.
| Company Name | CMP |
|---|---|
| Dilip Buildcon | 424.50 |
| Macrotech Developers | 1337.00 |
| NBCC (India) | 145.80 |
| Prestige EstatesProj | 1624.95 |
| DLF | 840.90 |
| View more.. | |
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