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Real estate shares continued to see profit booking for third straight day on September 24 with Godrej Properties, Oberoi Realty leading the losses.

At 12:55 pm on September 24, the Nifty Realty index fell 2% to 894.65 points, and was on track to close in the red for the third consecutive session.

The profit booking in the shares comes after they rose for six out of seven sessions earlier this month on optimism over rate cuts by Federal Reserve and GST reforms.

On September 24 at 1 pm, Godrej Properties and Oberoi Realty were trading 3% lower each, followed by Prestige Estates and DLF, which fell 2.95% and 2.5%, respectively.

Meanwhile, according to a report by Informi

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