Real estate sector in India is witnessing significant growth. Recent dynamics of the market reflected the opportunity of creating wealth across real estate companies, as proven by recent listings of real estate companies resulting into prominent growth in public funds and private equity.

The main growth thrust is coming due to favorable demographics, increasing purchasing power, existence of customer friendly banks & housing finance companies, professionalism in the real estate sector and favourable reforms initiated by the government to attract global investors.

Further necessitated by the thrust of redevelopment of old buildings, building townships and redeveloping mill lands, one can witness plenty of opportunities in real estate sector backed by favourable tax regime. IISL has developed the CNX Realty Index to synergize these emerging opportunities along with their Index expertise creating new investment avenues for investors.

The CNX Realty Index represents about 85.26% and 87.66% of the full market capitalization and total turnover of the last six month for the period March 31, 2009 of the Real estate sector Universe respectively.

The total traded value for the last six months of all CNX Realty Index constituents is approximately 7.38% of the traded value of all stocks on the NSE. CNX Realty Index constituents represent about 1.47% of the total market capitalization (Full Market Capitalisation) as on March 31, 2009.


Methodology

The index is a Free Float methodology based weighted index with base date of December 29, 2006, indexed to a base value of 1000.


Selection Criteria

Selection of the index set is based on the following criteria:

1. Constituent should be a Real Estate Company.



2. Company's market capitalization rank in the universe should be among the top 500.



3. Company’s turnover rank in the universe should be in the top 500.



4. Company should have a positive Net worth.



5. A company, which comes out with an IPO, will be eligible for inclusion in the index, if it fulfills the normal eligibility criteria for the index for a 1-month period.


 

Daily Values | List of CNX Realty stocks