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Realty scrips tower as Govt ups floor area ratio in Delhi

Realty scrips tower as Govt ups floor area ratio in Delhi
Shares of Anant Raj jumped 9.71 per cent, DLF (7.20 per cent), Oberoi Realty (7.16 per cent) and Unitech (4.41 per cent) on the Bombay Stock Exchange. Similarly, shares of Housing Development and Infra Ltd rose 3.65 per cent, D B Realty (3.43 per cent) and Omaxe Ltd (1.20 per cent).

Following the gains in these stocks, the BSE realty index was up 4.03 per cent at 1,660.73, the best among the 12 sectoral indices. ‘Led by the Delhi government's decision to increase the Delhi city's floor area ratio by 200 per cent, most realty sector stocks saw huge surge in buying activity,’ said Rakesh Goyal, Senior Vice President, Bonanza Portfolio Ltd.

FAR in respect of plots of 750-1000 sq mt size has been enhanced from the present 150 per cent to 200 per cent while the same has been increased from 120 per cent to 200 per cent for plots of 1000 sq mt and above, according to a senior Urban Development ministry official.

While the Ground Coverage for plots of 750-1,000 sq mt will remain at 50 per cent, it has been increased from 40 per cent to 50 per cent for plots above 1,000 sq mt.
PTI

PTI

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