Stay with frontline cos in real estate sector
Dilip Bhat of Prabhudas Lilladher advises to stay with frontline companies in the real estate sector.
Bhat told CNBC-TV18, “On a long-term basis for any economy, I think real estate is certainly a very integral part of any economic growth or any stock market movement, which is going to go up. All of us know that real estate occupies almost about 11-12% in some of the good markets and even in some of the emerging markets. So in India some or the other the way the real estate structure exists, it hasn’t given that comfort or confidence where they would be able to show entire growth as such and people fear some kind of leakages in terms of profits and all more important probably they have not got a hang as to how the growth is going to pan out.”
He further added, “But against that background it’s important that one has to stay with some of the frontline companies; the real estate companies. I think the real estate has been a huge laggard but going forward I see that some of these companies probably will participate very actively and probably will also be a part of the portfolios in the times to come.”
Disclosure: It is safe to assume that my clients and I have investment interest in the stocks/sectors that have been spoken about.
Source://moneycontrol.com
Bhat told CNBC-TV18, “On a long-term basis for any economy, I think real estate is certainly a very integral part of any economic growth or any stock market movement, which is going to go up. All of us know that real estate occupies almost about 11-12% in some of the good markets and even in some of the emerging markets. So in India some or the other the way the real estate structure exists, it hasn’t given that comfort or confidence where they would be able to show entire growth as such and people fear some kind of leakages in terms of profits and all more important probably they have not got a hang as to how the growth is going to pan out.”
He further added, “But against that background it’s important that one has to stay with some of the frontline companies; the real estate companies. I think the real estate has been a huge laggard but going forward I see that some of these companies probably will participate very actively and probably will also be a part of the portfolios in the times to come.”
Disclosure: It is safe to assume that my clients and I have investment interest in the stocks/sectors that have been spoken about.
Source://moneycontrol.com
posted by Real Estate India at
1:30 AM
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