Realty stocks — REIT move
The central bank’s decision to allow banks to invest in real estate investment trusts (REITs) and infrastructure investment trusts (INvIT) propped up real estate stocks last week. The stocks of DLF, Unitech and Prestige were up by 2 per cent or more on Thursday. DLF was one of the earliest players to show interest in launching REIT. It is likely that many of the realty players — especially those...
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