HDIL, Indiabulls Real look good at lower levels: SP Tulsian

HDIL and Indiabulls Real are looking good at lower levels, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “If you see the interest having evinced in their Mumbai real estate property and in the last one month or maybe 45 days when we have checked with so many projects especially in the city, I am not talking of the suburbs, those who are in the Western or Eastern suburbs there is a reasonable surge in the property prices by about 10-15%.”
He further added, “Apart from the surge in the real estate we are seeing the interest of the prospective buyers under construction projects because earlier people were wary of going for booking having long gestation period of 3-5 years, but now that interest seems to be coming back into those projects and this very positive and that’s a reason the positive call on HDIL and Indiabulls Real Estate is being taken by the market at the lower levels at which they are prevailing at.”