As Sensex and Nifty scaled new peaks this past week, many investors rushed to buy real estate stocks as if there was no tomorrow. Nifty Realty Index was clearly the biggest gainer, as it shot up almost 11 per cent in just five sessions. Several realty stocks like Macrotech, Sobha, DLF, Oberoi Realty and Prestige Estates gave double-digit returns for the week.
In today’s special podcast with independent market expert Rajiv Nagpal, we put real estate stocks under the scanner to spot money-making opportunities for you.
Welcome to the show Mr Nagpal.
1) What is the outlook on real estate stocks? Both realty developers and housing finance companies have been saying that this is the best time to buy a house given the low interest rates. So is it also a good time to buy realty stocks?
2) How should one go about picking real estate developers? Which metrics and criteria should one apply?
3) Do you think a multi-year cycle has started in the residential realty market? Are real estate stocks good enough to hold for the next 2-3 years?
4) Have real estate stocks moved up too fast? Sobha shot up by 28% last week and Prestige by 20%.
Thank you Mr Nagpal. That’s all in today’s special podcast. But do keep checking this space for more such interesting content. Good bye!
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