Realty sector in recovery phase
Bangalore: Even though realty sector grappled with slow demand during a fortnight-long Shradh period, it emerged as one of the top performers on BSE (Bombay Stock Exchange) last week (September 15 - September 22, 2009) with registering a gain of 7.44 percent. The index of realty traded in the range of 4,276.33 - 4,518.90 points. As of September 22, 2009, total market capitalization of the realty index was of 
5,671,952.17 crore.
Shradh or Pitri Paksh fortnight started in the first week of September this year and ended ahead of the Navratra festival, saw lowered buying activity.
In the realty sector, DLF topped the gainer list with 10.75 percent increase followed by Omaxe, Puravankara Projects and Brigade, which rose in the range of 2-5 percent. Among the 13 sector-specific indices of the exchange, auto index gained the most last week with a surge of 10 percent. It was followed by Metal (eight percent), Bankex (4.5 percent) and IT (four percent).
As talk of a revival in the real estate sector is gaining ground, large companies with property are looking to make the most of the situation. A handful of corporates, including Hindustan Unilever (HUL), Mafatlal Industries and a private bank have put some of their real estate assets on the block. The total value of their assets could be in excess of 400 crore.
5,671,952.17 crore.
Shradh or Pitri Paksh fortnight started in the first week of September this year and ended ahead of the Navratra festival, saw lowered buying activity.
In the realty sector, DLF topped the gainer list with 10.75 percent increase followed by Omaxe, Puravankara Projects and Brigade, which rose in the range of 2-5 percent. Among the 13 sector-specific indices of the exchange, auto index gained the most last week with a surge of 10 percent. It was followed by Metal (eight percent), Bankex (4.5 percent) and IT (four percent).
As talk of a revival in the real estate sector is gaining ground, large companies with property are looking to make the most of the situation. A handful of corporates, including Hindustan Unilever (HUL), Mafatlal Industries and a private bank have put some of their real estate assets on the block. The total value of their assets could be in excess of 400 crore.