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Realty stocks surge on GST rate cut

Feb 25, 2019 10:40 IST

Stocks of real estate companies and housing finance companies surged following a decision by central and state governments to bring GST rate on under-construction properties in normal category down to 5 per cent from the earlier 12 per cent. Stocks for Purvankara, Ansal properties, DB Realty were all up smartly in Monday's trade.