Loganadan under weight on Real Estate

Ajay Loganadan, Head, Investment Advisory Group, HSBC Private Banking is continue to be under weight on the real estate but he believes the sector looks attractive space on long term perspective.

Loganadan told CNBC-TV18, “On the real estate we have been under weight for a long time and we continue to be under weight. If you look at it selectively, we are seeing pockets of improvement. Some of them are able to raise some capital but the pain is still there and it could take a few quarters before we start to see true revival in demand, there is a lot of supply out there. If we look at very long-term story in real estate, it’s an attractive space to look at. But currently we are under weight and it would be at least a quarter before we start to look at it closely to see whether it needs to get upgraded.”