Pain in realty sector not behind us; won't be easy for it to revive: Mehraboon Irani

The markets work on three pillars, fundamental, liquidity and sentiment and sentiment has taken a major hit, Mehraboon J Irani, MD & CEO of Gini Gems Consultants told CNBC-TV18.

My advice to investors is start looking at buying opportunities and don’t go by one fad which normally investors have, he added.

Tata Motors, LIC Housing and Vedanta are a couple of stocks that he is looking at.

He believes that the pain which we have been seeing, in real estate, over the last two-four years is not behind us. It is not going to be easy for this sector to revive.

As a segment, should I buy into the real estate stocks? My answer would be no. I would stick to something like a Godrej Properties and Poddar Housing, Ashiana Housing or Ganesh Housing Corporation in the affordable housing segment, said Irani.