In the wake of Mega DLF Real Estate IPO, we at Dalal Street Business felt that it is of utmost importance to educate the Indian investor on how Real Estate has matured as a Industry but still with lot of issues.
Due to DLF-IPO Scam in 2006, the promoters of DLF get a Zero on Transparency issues.
Over period of time various Research Houses have recommended various Stocks because of Land Bank saga. JeeZ!!! Also, don’t forget the hype which Udayan and Mitali create on CNBC TV 18 on Land Bank Stories, which is utter non-sense. This is no FUC*ING Bollywood. We are here to create some serious wealth and build the Indian economy.
Days are not far from the impending correction in Global Equities as suggested by some J P Morgan Analyst in early Jan-07 [I forget his name, but he is a Desi] Here are some of the Research Reports by very good institutions. We don’t care for third rate brokerage houses like Anand Rathi, Karvy, Religare, Anagram etc.
[All the following reports are PDF, Right click on the link, choose “Save As” and download them]
- Citigroup Research – India Real Estate December 2006
- Citigroup Research – India Real Estate May-2007
- DSP merill Lynch on Ansal Properties and Infrastructure
- ENAM – India Real Estate Research
- Kotak – Sobha Developers
- Macquarie – India Property Research
- Macquarie Research – Mahindra Gesco
- Macquarie Research – Unitech
- Sharekhan – India Realty
- UBS – Unitech
Also read on how to value Indian real estate stocks. Keep your fingers crossed until our research team comes out with its recommendation on DLF IPO.