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FIIs Hold High Stakes In Real Estate Cos
| August 13, 2007 |  (2 votes, average: 5 out of 5) Loading ... |
The booming property market has been an apple of eye for foreign investors as they have raised their stake in several prominent construction companies listed on the bourses.
In addition, Indian real estate stocks are believed to be the most expensive in the world.
Holding pattern of FIIs in 22 major realty companies show that most of them have raised a stake in the April-June quarter as compared to the previous three month period.
The FIIs raised their stake in 15 firms, of which, the most prominent ones are Unitech, Ansals Housing, DS Kulkarni and Indiabulls Real Estate.
However, they have decreased their holdings in seven companies including DLF, Atlanta, Era Construction, Lok Housing, Mahindra Gesco, Madhucon Projects, and Unity Infrastructure.
Indian real estate stocks are the most expensive in the world even they give lower returns as compared to the most emerging and developed markets like China, Singapore, Australia, and Hong Kong.
News Published Under: Real Estate India |
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