Budget 2014 FOCUS : Real estate shares gain on budget plan for REITs

Reuters Market Eye – Shares of real estate developers gain on finance minister Arun Jaitley’s plan to provide incentives for the establishment of real estate investment trusts.

DLF Ltd (DLF.NS) gains 9 percent, Prestige Estates Projects (PREG.NS) rises 6.3 percent, Indiabulls Real Estate (INRL.NS) is up 5 percent while Housing Development and Infrastructure Ltd (HDIL.NS) advances 5.4 percent.

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