Real Estate is really booming

November 17, 2006	(Be the first to rate this story!)  Loading ...
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The huge over-subscription of the recent Parsvnath issue indicates that the Indian real estate is gaining in power. Large investment plans from foreign players like Goldman Sachs, Vancouver-based Royal Indian Raj International Corporation (RIRIC), JP Morgan Stanley, Merrill Lynch, Citigroup Property Investors and others only serve to reinforce this thought.

Rajesh Jain of Pranav Securities informs that the robust growth in demand, not just in the metros but also tier two towns is a signal that the band is being considered as a goldmine.

Questions still remain regarding valuation of land banks and the supply that would result after the renewal of the Urban Land Sealing Act, according to Jain.

However, with a lot of of liquidity chasing real estate at this point, Jain feels that there is no need to play against this momentum.

Sudarshan Sukahani, Technical Analyst, however advises caution agains Unitech and many other real estate stocks, comparing these to the 2000 bubble of IT stocks

Source: www.moneycontrol.com

News Published Under:   Real Estate India, Real Estate Developers |

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