Realty stocks still lucrative for serious investors
As far as IPOs are concerned, out of the 132 IPOs lined up, the largest number -15 -are from the real estate sector.
As far as IPOs are concerned, out of the 132 IPOs lined up, the largest number -15 -are from the real estate sector.
The demand for holiday homes in India is as wired into the country’s overall economic performance as every other segment of residential real estate.
The real estate sector has welcomed the CRR rate cut by the RBI and said it will help revive demand in the housing segment.
IIFL Venture Capital Fund, the private equity arm of the India Infoline group, is reportedly raising Rs.500 crore for investing in real estate.
It is not just strange, it is ironic. When the facts and indications are all misleading, investor in the Indian market have no choice but to keep the fingers crossed and it is precisely the reason what is hurting the realty stocks, finds Track2Realty.
Judging by feedback obtained from a cross-section of Indian retail players, it emerges that most retailers perceived 2011 to be a flat year.
Analysts are worried and do not see a rosy picture ahead in 2012. According to them real estate companies planning IPOs in 2012 may experience a lack of enthusiasm on the part of investors.
In 2011 six big ticket real estate IPOs was expected to raise over $2.9 billion or Rs.13,000 crore. Emaar MGF, which could not raise money in the capital market in consecutive attempts even when market conditions were conducive.
The Godrej Properties’ Board of Directors has announced Pirojsha Godrej’s appointment as Managing Director and Chief Executive Officer of Godrej Properties Limited (GPL) with effect from April 1st, 2012.
Once a happy hunting ground, real estate sector has suddenly woken up to the reality that raising money through Initial Public Offerings (IPOs) is getting harder with investors being lot more discerning today.