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Real estate is really booming
An influx of real estate IPOs including Parsvnath and foreign investors dropping big bucks in the sector seem to indicate major potential in the building arena
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 Sukhani, Technical Analyst, however advises caution agains Unitech and many other real estate stocks, comparing these to the 2000 bubble of IT stocks
" Indiabulls has been a favourite since it was in the 100's but at some point I think just as Bharti is now reaching points, I would feel that the stocks are likely to go into long consolidation patterns and Indiabulls may do the same, so at this point I am not looking to buy the stocks anymore," he cautions.
However he favours Bata . "Bata remains a favourite. I would buy Bata on every dip irrespective of what the broad market does."
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 
