If anyone had invested in land, house or flat, he would have definitely gained a lot due to the soaring property prices. But what about the stocks of real estate companies? The table given below suggests that these have been badly affected by the recent fall in Indian stock markets.
Is it wise to invest in these stocks now? A big question mark, though.
Note that Omaxe, Parsvnath, Kolte-Patil, IVR Prime and Sobha are currently trading below their IPO prices.
