DLF looks positive, says Porinju Veliyath

Porinju Veliyath, MD & Portfolio Manager at  told CNBC-TV18, "DLF is looking very attractive. Not only DLF, there is a shortage even coming up in many cities of the country, regarding the commercial real estate, the offices equity Intelligence Indiand kind of commercial real estate. There is a big demand and the supply has been declining in the last few years. So, DLF and perhaps Anant Raj kind of companies can do well.""They have huge built up valuable properties. The enterprises value today of these companies they are significantly below its intrinsic value, the properties what they own. So, despite the decline in the real estate prices these stocks can appreciate reasonably. But again one year ago, I was very bullish on these company that kind of an excitement is not there now but they can appreciate well in the next one or two years time," he added.