Sharmila Joshi of Asit C Mehta is of the vision that DLF is looking sensible at this height.

“Real estate died down a bit, in fact perhaps when you first saw DLF correct last week that when we saw really buying coming in because suddenly it looked attractive going close to its IPO price. But now today when its really quiet close to its IPO price of about Rs 578-579 whatever level it was” she said.

She further added, “Somewhere things seem to have some interest seems to have gone away from the real estate play and the even when you’re getting now some of the paper I would say that at this price DLF looks reasonable. But you are still not getting that buying coming in."

DLF group is a chairing realty developer in India. DLF has been influential in assigning Gurgaon on the urban landscape of India. It has more than 220 million sq. ft. of subsisting development projects and 574 million sq. ft. of planned projects.

DLF’s growth projects across India span more than 30 cities including Ahemdabad, Gurgaon, Sonepat, Bhubhaneshwar, Vytilla, Ambala, Shimla, Amritsar, Ludhiana, Jalandhar, Lucknow, Pune, Chandigarh, Panipat, , Chennai, Bangalore, Panchkula, Noida, New Delhi, Jaipur, Indore, Baroda, Faridabad, Mumbai, Nagpur, Goa, Kochi, KokkanadCoimbatore, Hyderabad and Kolkata.