Real estate stocks gained on Wednesday after the Union Cabinet chaired by the Prime Minister, Narendra Modi, gave its approval to amendments to the Real Estate (Regulation and Development) Bill, 2013 pending in the Rajya Sabha, and approved amendments proposed in the bill.

The Real Estate (Regulation and Development) Bill is a pioneering initiative to protect the interest of consumers, to promote fair play in real estate transactions and to ensure timely execution of projects.

Real estate stocks such as Housing Development and Infrastructure (HDIL) gained the most with a rise of 5.91%, followed by Orbit Corporation (up 4.12%), Sobha (3.63%), Unitech (3.22%), Indiabulls Real Estate (2.63%), Oberoi Realty (up 2.3%), D B Realty (up 2.15%) and Godrej Properties (0.98%).