Deven Choksey, MD of KR Choksey Shares told CNBC-TV18, "I don't know whether I am developing enough conviction to buy into the real estate across the board. The larger confidence with us stays with two stocks within the real estate space which is Godrej properties and Mahindra Lifespace. These two stocks given the business model under which they are operating, lean balance sheet that they are operating, we believe that these two stocks within the real estate space could be more rewarding then many of the other stocks."
"The other stocks have battered down and they are restructuring their finances and they could possibly rise far more than the other ones which I have recommended but on a margin of safety count I would prefer to go with the safe business models of Godrej Properties and Mahindra Lifespace," he added.
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