reason 4 unitech goin up up n away........

many ppl have been asking abt the reason 4 unitech goin up ........Unitech management seems convinced of foreign investor's faith in India's real estate story more than it has in domestic investors on Dalal Street।To beat the experience of DLF, Unitech now wants to go to London and list a new subsidiary in the United Kingdom.For a company which has investment plans of upto Rs 25,000 crore setting up a subsidiary in a foreign country, which has enough NRI cash floating around, seems a viable option.Unitech may list the company in UK and then bring in the funds into projects, which meet FDI compliance conditions.The foreign subsidiary in the United Kingdom will be listed to raise money of upto a minimum of $500 million.The funds raised by the foreign arm of Unitech will invest in land projects of at least 50,000 square metres.Unitech has confirmed that it will be announcing a massive land acquisition program soon in North India."I think they have benefited tremendously from the fact that they are already listed way before the real estate story became something which was real," said Anand Tandon, Director, Gryffon Investment Advisors."The fact that SEBI and RBI have been driving the fleet over allowing new funds to come in the form of private equity means that listed companies have a big advantage in terms of being able to raise capital," Tandon added.The stock price of Unitech, which has baffled many, was once again on the rise hitting the 10 per cent mark once again.After the DLF setback domestic investors have raised doubts whether the real estate stocks can demand as high a price as was expected in DLF' .

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