Real estate Market’s liking it too

Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} The improvingfundamentals of real estate developers on the back of the real estate price hikes, increased liquidity through QUIPs,real estate asset sales and pre-sales observed over the last few months is notlost on the real estate market . The BSE Realtyindex, the worst performer of 2008 is up 248 per cent since its March 2009lows. This indicates that current valuations are not cheap. In a bid to cash inon the real estate recovery, leading realty companies are planning to raisemoney from the primary realty markets to the tune of over Rs 14,000 crore. Thiscould also suck out liquidity and may cap appreciation of real estate prices of listed scrips,says analysts.                                                                                                                                      

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