There are early signs of demand pick-up in the sector, but a lot depends on pricing and the demand for housing during the festival season
After being among the biggest undperformers over the last year, realty scrips are looking up with leading players such as DLF and Unitech moving 10-12 per cent over the last month.
High debt and demand concerns in the past were the key reasons why the BSE Realty index lost 16 per cent over the last one year while the Sensex is up 17 per cent during the period.Text:
ReutersAlso see: Booked profits? Be careful about re-entering