According to ICRA report, residential sales more than doubled when compared to the 33.7 msf sales recorded in the corresponding quarter of the previous year, Q1FY21.
At around 10:45 AM, Nifty Realty was trading at 417.30 up 3.85 points or 0.93%, touching a 52-week high at 423.40.
Meanwhile, BSE Sensex was trading at 57,923.02 up 70.48 points or 0.12% and Nifty50 at 17,249.35 up 15.20 points or 0.09%.
Prestige was trading bullish, skyrocketing 9% at Rs417.65 per piece, after hitting 52-week high at Rs422.75 per piece. Sobha led the record march by hitting 52-week high at 773.60 per piece, zooms over 4% in an upbeat market.
Hemisphere Properties and Indiabulls were also on upside by 2.18% and 2.03% each while Sunteck also gains near 2% at Rs383.35 per piece. DLF jumped 1% at Rs342.10 to support the index reaching new highs.
Oberoi Realty has been doing well today. Its stocks was trading at Rs758.65 per piece, up 0.32% to drive the sector.
On the flip side, Phoenix emerges as top laggard tumbling over 2% at Rs880.45 per piece. Brigade plunged 1.5% while Godrej Properties traded on a muted level.