Real estate shares gain on Budget plan for REITs

Written by Reuters | New Delhi | Updated: Jul 10 2014, 18:50pm hrs
Shares of India's real estate developers gain on finance minister Arun Jaitley's plan to provide incentives for the establishment of real estate investment trusts.

DLF Limited gains 3.9 percent, Prestige Estates Projects rises 4.1 per cent, Indiabulls Real Estate is up 3.3 per cent while Housing Development and Infrastructure Ltd advances 2.6 per cent.