This is one upcoming real estate company which I seem to fancy. Its probably one of the smallest construction company which is listed in the Indian stock market, but its ambitions are great. Ambition is something which we do not often see in Indian companies, and as it is said… “those who do not dream, go nowhere.
Most of the proposed projects are expected to be completed by 2010. I would recommend you guys to buy a small stake in the company and review the portfolio after 2-3 years. Who knows this might be the next big thing.
The company pays a healthy dividend and the stock is available at a PE of 5.5 so its not very pricey.
PS: I have holdings/interests in all the companies I blog about.