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Real estate shares gain on budget plan for REITs

A man cycles past the construction site of a residential apartment building by property developer DLF Ltd. in Gurgaon January 27, 2010. REUTERS/Adnan Abidi/fILES (Reuters)

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 gains 9 percent, Prestige Estates Projects rises 6.3 percent, Indiabulls Real Estate is up 5 percent while Housing Development and Infrastructure Ltd advances 5.4 percent. (Reporting by Abhishek Vishnoi)

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