Shares of Indian property developers rally on hopes the government's move to allow foreign direct investment in multi-brand retail chains will boost demand for commercial property.
Property developer DLF rises 5.3 per cent, while mall operator Phoenix Mills gains 10.6 per cent on hopes the government move might lead to increased occupancy in its existing facilities.
Real estate companies Nitesh Estate, Unitech and Oberoi Realty advance between 2-5 per cent each.
Copyright @ Thomson Reuters 2012
Property developer DLF rises 5.3 per cent, while mall operator Phoenix Mills gains 10.6 per cent on hopes the government move might lead to increased occupancy in its existing facilities.
Real estate companies Nitesh Estate, Unitech and Oberoi Realty advance between 2-5 per cent each.
Copyright @ Thomson Reuters 2012
