Luxury housing boosts DLF, Godrej Properties stocks for second day 2023

The Nifty Realty index has increased for the second trading day in a row, making it the best performer among all sector indices in today’s trading session. The index has seen increases of 2 percent so far, following up on Thursday’s 1.1 percent jump in value.

It is interesting to note that the index has increased over the past two days after having dropped for seven straight sessions before to this.
The turnaround is being led by DLF, which on Thursday confirmed what went viral a few weeks earlier – an image going around on social media about the rush at the company’s luxurious project in Gurugram. The image was posted by a user who commented on how the rush was causing the company to run out of inventory.

The revelation was verified by DLF on Thursday, and it was also stated that the company has registered pre-sales of more than Rs 8,000 crore in the first three days of the opening of its Arbour project in Gurugram, where apartments are priced at Rs 7 crore per unit.
A portion of this can be attributed to the increased tax on capital gains that went into effect on April 1st.

It is interesting to note that the index has increased over the past two days after having dropped for seven straight sessions before to this.

The turnaround is being led by DLF, which on Thursday confirmed what went viral a few weeks earlier – an image going around on social media about the rush at the company’s luxurious project in Gurugram. The image was posted by a user who commented on how the rush was causing the company to run out of inventory.
The revelation was verified by DLF on Thursday, and it was also stated that the company has registered pre-sales of more than Rs 8,000 crore in the first three days of the opening of its Arbour project in Gurugram, where apartments are priced at Rs 7 crore per unit.

A portion of this can be attributed to the increased tax on capital gains that went into effect on April 1st.