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 77.08% of the free float market capitalization and 90.57% total turnover of the last six month for the period March 31, 2011 of the Real estate sector Universe respectively.

The total traded value for the last six months of all CNX Realty Index constituents is approximately 4.05% of the traded value of all stocks on the NSE. CNX Realty Index constituents represent about 1.00% of the free float market capitalization as on March 31, 2011.


Methodology

The CNX Realty Index is computed using free float market capitalization weighted method with base value of Dec 29, 2006 and base value of 1000, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to a particular base period. The method also takes into account constituent changes in the index and importantly corporate actions such as stock splits, rights, etc without affecting the index value

Market Representation

1. CNX Realty Index represent about 0.72% of the free float market capitalization of the stocks listed on NSE and 78.97% of the free float market capitalization of the stocks forming part of the Realty sector universe as on December 30, 2011.
   
   
2. The total traded value for the last six months of all Index constituents is approximately 2.89% of the traded value of all stocks on the NSE and 77.46% of the traded value of the stocks forming part of the Realty sector universe.

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