SP Tulsian positive on DB Reality, HDIL-Latest Stock Price of HDIL & DB Realty & Comments by Experts.
Tulsian told CNBC-TV18, "I have been quite positive on the Mumbai based realty stocks and if I need to name two of them it would be DB Reality followed by Housing Development and Infrastructure (HDIL). HDIL have recently concluded their second QIP issue in a short span of last 6 to 8 months so obviously they have been infusing the funds. The development has all been going on, though there has been halt on the upside price movement in the Central part of Mumbai but in the Suburban Mumbai you have been seeing good off take of the property and when you talk to these two builders those who have strong presence DB Realty and HDIL. They have been selling good quantity so I continue to be positive on that.”
He further added, “If I need to take any other stock other than Mumbai my choice would be more on Brigade Enterprises because they have been developing integrated complexes in Bangalore like having these hospitals, hotels, multiplexes, commercial plaza and now they have been monetizing each assets. In last couple of days they have sold the hospital project and if that keeps happening obviously that money will get utilized for the faster development of their land bank which they have been holding so these are the two developments happening but I will be very specific, I will go case by case I wont be bullish across the board or across the sector for all the companies.”