BSE Realty is on a non-stop track, rallies for 4 days

Following Union Finance Minister Arun Jaitley's budget speech last week, the shares of realty stocks have been moving upward with S&P BSE Realty gaining 8 per cent in last four trading sessions. 

During the Budget speech, it was stated that affordable housing will be given infrastructure status, so that, they can get all sorts of associated benefits. On the other hand, the developers also got encouraged with the announcement of sops on unsold inventories.

This news gave a big boost to the realty sector and as a result, BSE Realty surged 4.8 per cent on the budget day itself, and kept moving higher since then. The index has gained almost 8 per cent since the Budget day. Nine out ten stocks under this index closed in green on Monday.

It was also proposed that there would be one crore houses built by 2019 for the rural homeless citizens and people who are living in 'kaccha' houses.

With such growth plans, top line of real estate as well as housing loan companies, will have a very positive impact. Adding to that, sops will also help them improve the bottomline of all the developers.