Real Estate Companies Shares Did Not Give Good Return DLF Share Price Down From 1300 To 80 Rupees

Rakesh Jhunjhunwala: Veteran investor Rakesh Jhunjhunwala said that the shares of realty companies give very low return on capital as compared to the shares of other big companies and they should not be listed in the market. Jhunjhunwala, who runs Rare Enterprises, is set to become a major shareholder of a new airline company.

Which companies give good returns
He said that only developers building affordable houses should consider listing. Due to the high number of houses in this, they can get good returns. However, only very few real estate companies like Macrotech Developers and DLF are listed in the stock market.

DLF shares hit Rs 80
Jhunjhunwala, referring to the case of DLF, said that the share price of DLF had come down from Rs 1,300 per share to Rs 80. It reflects the risk in the market.

Information provided in the real estate program
Speaking at an event organized by the Confederation of Indian Industry (CII) on real estate, he said, “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 said shares of large companies give 18-25 per cent return on capital, while it is six to seven per cent in the real estate category.

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