Modi effect: Expect eco turnaround in 6 months, says DLF

He is certain the ex-Gujarat CM will introduce REITs and FIIs will once again give India "a serious look" now.

Narendra Modi knows exactly what to do and how to do it. That's the belief of Rajiv Singh of  DLF who is confident that the realty sector will get a booster under the Modi-led government. He is certain the ex-Gujarat CM will introduce REITs and FIIs will once again give India "a serious look" now.

"It will take approximately six-months for an economic turnaround," he told CNBC-TV18 in an interview.

Also Read: 57% of Indians think next 30 days good time to buy realty

DLF stock price

On May 26, 2014, DLF closed at Rs 204.35, down Rs 12.2, or 5.63 percent. The 52-week high of the share was Rs 224.55 and the 52-week low was Rs 120.25.

The company's trailing 12-month (TTM) EPS was at Rs 1.43 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 142.9. The latest book value of the company is Rs 67.20 per share. At current value, the price-to-book value of the company is 3.04.

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