Rakesh Jhunjhunwala: Veteran investor Rakesh Jhunjhunwala stated that the shares of realty corporations give very low return on capital as in comparison with the shares of different large corporations and so they shouldn’t be listed out there. Jhunjhunwala, who runs Rare Enterprises, is about to turn into a significant shareholder of a brand new airline firm.

Which corporations give good returns
He stated that solely builders constructing reasonably priced homes ought to think about itemizing. Due to the excessive variety of homes on this, they will get good returns. However, solely only a few actual property corporations like Macrotech Developers and DLF are listed within the inventory market.

DLF shares hit Rs 80
Jhunjhunwala, referring to the case of DLF, stated that the share value of DLF had come down from Rs 1,300 per share to Rs 80. It displays the chance out there.

Information offered in the actual property program
Speaking at an occasion organized by the Confederation of Indian Industry (CII) on actual property, he stated, “If I were a developer, I would not have been listed in the market. This is not a business that is likely to be listed.” Jhunjhunwala stated shares of huge corporations give 18-25 per cent return on capital, whereas it’s six to seven per cent in the actual property class.

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