Arvind infrastructure: Godrej Properties in the making?

1. Out of that 2500 Cr revenue, they will get only about 2000 Cr. because most of the development projects are in partnership with land owners who will take away the remaining revenue.
2. Most of the development is not yet started and real estate being a highly regulated sector, not sure if they can deliver in promised timelines.
3. Ashiana is selling at similar valuations I think.
4. They are not a well known group. Which known brand do they have? In Gurgaon, a well known inverter maker Microtek is launching RE products but should they be considered a well known brand in an unrelated field?
5. Compared to their main business, this business is really small so not sure how much management bandwidth will they spend on this.

I think price captures all positives. Now they need to execute really well to grow but that’s true of any company.