Developing story

Though the Parsvnath Developers IPO is aggressively priced, it could bring listing gains and can also be a rewarding long-term story.

As the speedy pace of new construction continues in towns and cities across the country, real estate stocks are attracting a lot of investor interest.

Improved living standards and rising consumerism of middle classes is driving demand for housing projects as well as commercial complexes like shopping malls and multiplexes.

The demand for office space, especially for the IT and the BPO industries, is growing at a fast clip. And with mega real estate projects and high property prices, real estate players are sure to see good times.

One such company is Parsvnath Developers, which has operations across 41 cities and 14 states of India, and has built nine housing projects and eight commercial complexes. With huge demand for real estate as well as real estate stocks, Parsvnath Developers is tapping the capital market to fund its future construction plans.

Source : //business-standard.com