Sensex settled at record 59,885.36, up 958.03 points or 1.63%, while Nifty scaled a fresh peak of 17,822.95, up 276.30 points or 1.57%
Indian real estate market is regaining the confidence of the global institutional investors.
Markets have a tendency to surprise investors and analysts alike. After a minor consolidation, we are again at record levels.
Sensex rallied 363.79 points or 0.69% to end at 52,950.63, while the broader NSE Nifty surged 122.10 points or 0.77% to 15,885.15
Consolidation in the office space in favour of financially strong developers is helping them gain market share
Top developers aim to double their sales over the next three to four years, benefiting from strong demand, affordability and industry consolidation
Logging in gains of around 10%, the BSE Real Estate index has already outpaced the benchmark BSE Sensex on a year-to-date basis.