Indian Realty developers moved to London Stock Exchange's AIM offering part of their Realty cake. Investors bought these funds as if there was no tomorrow and now these scrips are quoting at deep discount to NAVs.
- Unitech Corporate Park is trading at 75% discount to its NAV
- K Raheja's Ishaan Real Estate is quoting at 65% to NAV
- Hiranandani promoted Hirco is quoting at 80% discount to its NAV
Laxey Partners one of the main shareholders in Hirco is asking promoters to Buy-back shares and bridge the difference. In some cases investors are asking companies to liquidate their portfolios / land holdings and BUY-back the shares.
Neerav Investments - Niraj and Ravi Raheja's investment arm has picked up 35% stake in Ishaan Real Estate.
It is time to go and pick up Realty from distressed Sellers if you believe in Realty or want your Dream House.
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