BSE Realty Index Worst Hit

With the slowdown in Real Estate sector a reality, BSE Realty Index is the worst hit in the recent stock market meltdown. Today speculative stocks without any significant Landbank nor projects such as Akruti, IndiaBulls Real Estate, Peninsula, IVR Prime, etc have taken a severe beating.

Leading Realty companies are also down. DLF and Unitech are down by 3.5% while HDIL is down by 7%. Some companies like Omaxe, Ansal Infra / API, IVR Prime have already fallen by 50% since Jan-08.