Indiabulls Real Estate can move to Rs 110: Tulsian
May 28, 2013
Source : The Financial Express

SP Tulsian,said "By and large, I am keeping a positive view on all the real estate stocks whether you talk of the Indiabulls Real Estate  or Prestige Estate  , Anant Raj  . Maybe because Indiabulls Real Estate has a good presence in Mumbai, the three pockets - National Capital Region (NCR), Bangalore and Mumbai are really doing quite well."

He further added, "If you really go by the land portfolio of Indiabulls Real Estate, they have been acquiring the lands in Metro from the government institutions like National Textile Corporation (NTC). Also, they have a good presence in tier 1 cities also. That means they have clean land in their possession. They have demonstrated the execution capability also by developing many of the mills which they have acquired."


"Now if you really go by the financial performance, for FY13 the topline of Rs 1,300 crore, EBITDA of about Rs 450 crore with earnings per share (EPS) of close to Rs 3.75. We have been seeing company posting good Q4 numbers and then thereafter we have been seeing the buying coming into the stock for maybe last one week or so. This buying momentum is likely to continue. Things are very much in place."


"As I said, in one of their recent property in Central Mumbai, they have sold the residential premises under 20:80 scheme which is really fast catching up with all the developers. So taking all this into consideration, I find this stock quite interesting because since almost 75 percent of the project has been sold and the construction is really going on very well in that 40 storey project, 10 storey have been completed. So the revenue booking will also start in the next two quarters or so. So, considering the debt situation, considering the execution capability and the land stock the company is holding, stock looks to have a good upside potential and can move to a level of Rs 110 in 12 months or so."

Latest Realty News

The Panvel-New Panvel stretch will witness multiple project possessions
May 28, 2013
The upcoming International Airport at Navi Mumbai has infused new life into the real estate market in the southern suburbs of Panvel and New Panvel, which would be in close proximity to the airport. This has made these locations, one of the most-promising property destinations in Navi Mumbai, today.
Bangalore realty market more positive
May 28, 2013
With a new stable government looking to address some problems of the previous one, and with interest rates falling, Bangalore’s real estate market is looking more positive for buyers and investors than it has been in a while. Given that property prices here have been relatively stable in the past few years also makes it quite attractive.
Builders urged to keep in mind basic consumer requirements
May 28, 2013
Builders in Mangalore have been asked to think about meeting the basic consumer requirements while planning their projects.
Single-window approval for projects sought
May 28, 2013
Credai, the apex body of real estate developers in the country, has urged the Government to introduce single-window approvals for projects at the earliest.
Homebuyers in Noida move Allahabad HC
May 28, 2013
Homebuyers of Noida Extension have filed a writ petition in the Allahabad high court demanding a complete stay on the cancellation of bookings of housing units, which is being carried out by a few developers in the region
Noida land prices may zoom
May 28, 2013
Buying a house or land in Noida, Greater Noida and along the Yamuna Expressway has become costlier. At a board meeting on Monday, three development authorities for these areas announced a substantial rise in allotment prices across all categories of land.
Realty firms tweak norms to push sales
May 28, 2013
Sluggish commercial market is prompting developers, occupiers and financiers to come up with different ideas to protect their interest and get things going. While developers are tweaking their offerings along with easier payment structures, including installment option, private equity players are opting for strata buys rather than acquiring entire projects for complete control.
Housing prices rise by around 1 pc in 20 major cities: NHB
May 28, 2013
Housing prices have increased marginally by an average 1.1 per cent in 20 major cities, including Delhi and Mumbai, in January-March 2013 over the previous quarter due to slowdown in demand, National Housing Bank said today.
YES Bank CEO Rana Kapoor's family buys Rs 128 cr house next to Mukesh Ambani's Antilla
May 28, 2013
The family of YES Bank BSE 0.11 % CEO and managing director Rana Kapoor has bought a residential building - jointly owned by Citibank and GlaxoSmithKline - on tony Altamount Road in Mumbai for Rs 128 crore, and plans to build a home there. The building is next to Mukesh Ambani's 27-storey Antilla.
State push for road projects
May 28, 2013
Road projects under the Pradhan Mantri Gram Sarak Yojana (PMGSY) scheme received a push on Monday with the state cabinet passing a proposal to form eight programme implementation units (PIU), which will look after the road construction projects in seven districts.

Latest Realty News Of State

Realty Talk's