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Mutual funds break the realty dullness in the country

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Mutual funds have earmarked a realty rise after the economic slow down in the country. As per the sources reported at www.propertykhazana.com the last valuation of realty by the end of December was noted around Rs 171 crore and later on it touched the mark of Rs 1421 crore for the July end this year with a huge variation in rise counting up to eight times as compared to the earlier investment.
On a short note with www.propertykhazana.com MD of Taurus Mutual fund cited that the realtors also have found the way with selling the share to collect the funds for their next upcoming since rise in realty might make further wait. But by the end of July mutual funds has rose up to Rs 8.85 crore against Rs 1.68 crore in December 2008. Piyush Surana from Shinsei AMC states that “though there might be bit slow but for the long term it might help the MF players with better returns”.
As per a survey on behalf of www.propertykhazana.com from last January to June there is a satisfactory rise of mutual funds participating at the realty investments but at the same time the selling of shares also makes equal movements with the MF where a realty group has recently made around Rs 25000 crore with the selling of share by June ending quarter. R K Gupta of Taurus has further added that the realty units with huge land occupation is going with the budget housing concept and will make better market in future with low cost tendencies among the customers. Naresh Garg on other hand explains that the time is still under the grave of debt and unless it normalized investors should be we aware of their steps in to the realty. For more and latest Indian realty updates browse www.propertykhazana.com.
Source: NBTVLIVE

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