Affordable housing has been the buzzword in Indian real estate sector for the last few years.
Indian Stock Markets jumped after Finance Minister announced reduction in corporate tax.
Finance Minister made a surprise announcement on Friday about reducing corporate tax to 25.17 percent.
Indian markets have witnessed slight pullback over the last few trading sessions and mid-cap stocks have gained momentum. Markets are expected to remain range-bound in the next couple of weeks.
Major Indian cities have witnessed decline in pending apartments for sale as developers reduced their investments in new developments.
Indian Stock Markets ended the week positive. The support received by markets from lower levels has led NSE Nifty above its important resistance placed at 11100 along with its 50 SMA at 11114.
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