 |
 |
-
Real Estate India
-
Explore Inside Pages
-
News by Month
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
To or Not to Invest in Real Estate Stocks….
| July 6, 2007 |  (1 votes, average: 5 out of 5) Loading ... |
The real estate stock of DLF got listed at Rs 526.60, which was just close to the issue price of Rs 525. Industry connoisseurs believe that the Indian property market has been a little weak which could be due to the DLF listing or profit booking in the sector.
Over the past three years, property prices have gone through the roof as much as 3 times. However, a stabilization phase is still expected because of a little cooling of interest rates. This is one of the reasons for real estate stocks to move in a range.
Most realty stocks were up 5-10% earlier before DLF listing. After the profit bookings were set, there has not been much of a positive response post DLF listing.
|
Company
|
Open-05/07
|
Close- 05/07
|
Close- 04/07
|
% Change
|
| Akruti Nirman |
430.00
|
414.45
|
421.20
|
-1.60
|
| Ansal Housing |
243.80
|
234.60
|
240.90
|
-2.62
|
| DLF |
582.00
|
570.05
|
525.00
|
8.58
|
| DS Kulkarni |
279.00
|
263.25
|
277.10
|
-5
|
| Indiabulls Real |
458.00
|
451.75
|
452.95
|
-0.26
|
| Peninsula Land |
511.30
|
483.65
|
507.30
|
-4.66
|
| Sobha Developer |
930.00
|
905.90
|
943.85
|
-4.02
|
| Unitech |
560.00
|
524.45
|
553.30
|
-5.21
|
| Parsvnath |
383.45
|
361.90
|
378.35
|
-16.45
|
This underlines the fact regarding present time to be the best to invest in real estate stocks. Indian property market has a lot to offer in terms of bright prospects; it could prove profitable to make investments in real estate stocks while they are a bit low.
Real estate in India is going to be highly interesting as there is an entire new sector to be created now but there is a little representation in case of it. Taking a view at the economics in Indian market, they would continue to maintain the same pace for the next two years. In 2009, the supply is likely to come in. The surge in property prices which has hurt the sector may not continue to hurt it any longer.
News Published Under: Banking and Finance |
|
Add to Favourite:
:
|
Related News:
