"I think cement is clearly a good way to play the real estate theme. JK Cement, Ramco Cement or Dalmia Bharat have corrected a lot due to commodity price pressure, higher raw material costs, lower demand, and the CCI probe. So, I think now they are at an interesting juncture in terms of valuations which are very cheap and volumes which can only increase. For JK Cement, the white putty demand is picking up."