Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities told CNBC-TV18, "I feel real estate is a very bad place to be in, be it for trading or investing. I think it is the single most sector which has successfully destroyed lot of investor wealth. So, it makes absolutely no sense to be in real estate."
"If somebody is very keen on real estate probably Sobha Developers and maybe Prestige Estates – except one or two names I can't even think of real estate," he added.
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