Chandigarh: Realty developer Ansal Housing and Constructions Ltd stated that real estate prices in the metropolitan cities will arise between 10-15 per cent whereas 20-25 per cent in small cities in next 1-2 years.
Ansal Housing auspicated this development regardless of the claims that real estate market in India is heated up.
Today the equity shares of Kolkata-based integrated infrastructure player Simplex Projects were listed at Rs 323.75 or 75% premium to its issue price of Rs 185 on the BSE.
During the day, the scrip touched an intraday high of 323.75 and low of 266.70. Lastly, the company’s shares closed at Rs 272.05, an increase of 47%.
There were 6,719.672 shares for trading on the BSE counter.
Rahul Mohindar of Viratechindia is of the view that DLF can move upto Rs 620-630.
