Developers in India Rebound on Growth-Boosting Policies: ChartBy
Realty stocks in India have been on a roll this year as a slew of government measures draw investors back to an industry that was one of the worst hit by Prime Minister Narendra Modi’s cash clampdown in November. The S&P BSE India Realty Index has risen four times more than the benchmark index this year, beating all the other industry gauges. Policies to support low-cost homes, allowing lenders to invest in property trusts and the setting up of a regulator to protect homer buyers’ rights have enhanced the sector’s appeal, said Sunil Subramaniam, chief executive officer at Sundaram Asset Management Co.
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