Shares in property developers gained after the RBI unexpectedly
extended the exemption on reserve requirements to bonds raised by banks,
intended for affordable housing as part of the country's measures to
boost the infrastructure sector.
"This will help developers as the cost of capital will become cheaper," said an analyst with a local brokerage.
DLF Ltd was up 1.85 per cent, Unitech Ltd gained 7.2 per cent and Sobha Developers Ltd added 2.2 per cent.
"This will help developers as the cost of capital will become cheaper," said an analyst with a local brokerage.
DLF Ltd was up 1.85 per cent, Unitech Ltd gained 7.2 per cent and Sobha Developers Ltd added 2.2 per cent.
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