Indian realty stocks are richly priced

Pranay Vakil of Knight Frank says that P/E ratios are high in the listed real estate plays and unsustainable.
According to Mr. Vakil, too much money is chasing too few listed companies in this area. However with the DLF issue and other developers going public, the market will expand. (Moneycontrol.com)
By INRnews Correspondent

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