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VERIFIEDMint Markets·negative
Oberoi Realty to Lodha, Godrej Properties: Real estate stocks decline up to 4% after BMC's construction water ban
AI Summary
- ·Real estate stocks like Macrotech, Oberoi Realty, and Godrej Properties saw declines of up to 4%.
- ·The selling pressure is attributed to BMC's water restrictions impacting construction projects.
- ·These measures are in place due to low reservoir levels, raising concerns about project delays.