• SENSEX
    NIFTY 50
VIDEOS
Real Estate

Why real estate stocks rallied today? Here's a detailed report

Updated : November 24, 2020 03:40:39 IST

In conversation with CNBC-TV18, BMC Commissioner Iqbal Singh Chahal spoke about lockdowns in Mumbai and other COVID related measures. Aside from those the important takeaway for the market was about the housing and real estate.

He said that registrations have moved up quite dramatically since the reduction in stamp duty and the fact that the BMC could be looking at suggesting to the state government to reduce premiums on things like extra FSI which could be a boost for the realty sector as well.

All the real estate stocks are doing well today because of these positive comments.

CNBC-TV18’s Sonal Bhutra gives more details.

Watch this video for more.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement