The Nifty Realty index continued to trade higher on the NSE after FM Nirmala Sitharaman announced revival measures to kickstart stalled housing projects in real estate and alleviate the hassles of troubled homebuyers.
The government has approved setting up of an Rs25,000cr bailout fund to finance 1,600 stalled housing projects to kick-start incomplete real estate projects.
All constituents of the index are trading higher except Mahindra Life and Brigade.
The barometer index, the S&P Sensex, was up 102 points at 40,572. The Nifty50 index was up 27 points at 11,993. The Sensex scaled fresh record high above the 40,600 mark in early trade.
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