Jaitley brings smiles on the faces of real estate players: stocks celebrate

Affordable housing redefined. The government has plans for one crore houses for the poor by 2019. The PM Awas Yojana gets Rs 23000 crore. Realty and cement stocks rise on the positive bias.

Demonetisation will help in transfer of resources from tax evaders to government. There will be less impact on realty sector for short term. The long term demonetisation will help for organised sector.

The government has allocated funds more than Rs 187000 crore for rural and allied sector. Major allocation will lead to increase appetite for demand for homes in the country.
  
Ashiana Housings surges 11 per cent, Kolte Patil Developers increased .404 per cent, DLF rose by 1.74 per cent, Ambuja Cements rose by 0.72 per cent and DHFL increased by 1.16 per cent even as Jaitley speaks.