parsvnath deveopers--good growth stock


Real estate stocks also gained during the week. Major gainers here include Ansal Housing (27%), Parsvnath Developers (23%) and DLF (10%). This was seemingly a result of reports that the mutual fund regulator, AMFI and the Institute of Chartered Accountants of India, cleared the path to the launch of India's first real estate mutual fund (or REIT, Real Estate Investment Trust). This shall enable small investors, who wish to be a part of the buoyant real estate sector without having to purchase properties, to benefit from the long-term opportunity in the sector. On the other hand, REITs shall allow real estate firms to raise more capital to fund their expansion and development plans. For the uninitiated, the principle activity of a REIT is to invest in diverse portfolio of properties with the main objective to earn an attractive return from rental income and long term capital growth.

EQMASTR