At around 1.10 PM, Nifty Realty index was trading at 336.75 up by 1.55%, touching at day’s high of 338.75 during intraday trade on Monday.
Meanwhile, the BSE Sensex was trading at 51,891.89 up 469.01 points or 0.91% and the Nifty50 at 15,562.15 up 126.50 points or 0.82%.
Indiabulls Real Estate outperformed, gaining 4% at Rs101.80 per piece to lead the sectorial gains.
Oberoi Realty advanced 3.8% at Rs608.40 per piece. The Phoenix Mills Limited was up 3.6% at Rs793.50 per piece. The company, Island Star Mall Developers Private Limited (‘ISML’), a subsidiary Company and Canada Pension Plan Investment Board (“CPPIB”) on May 27, 2021 have executed a Further Funding Subscription Agreement (‘Subscription Agreement’).
Hemisphere Properties was also nearly 3.6% high at Rs137.15 per piece.
Sobha Realty stock was also in demand at Rs488.05 per piece, up 2.76% and Godrej Properties (up 1.25%), stock also found buyers. DLF and Prestige were also trading in the green.
Sunteck shed nearly 1% at Rs287.95 per piece and Brigade lost 0.77% at Rs263.05 per piece to emerge the sectorial laggards on Monday.