Pick in real estate is Orbit Corporation: Pankaj Pandey, ICICI Direct

ET Now spoke to Pankaj Pandey, Head of Research, ICICI Direct, on his stock pick in the real estate space.

Real estate as a space, which ones would you go by? Would you go by the ones with a regional flavour or probably a pan-India presence like DLF and Unitech?

We do not cover much of the stocks but we definitely do not like most of the stocks. Some of the stocks, which we like is Orbit Corporation, which is again a play on the specific markets like Mumbai wherein we feel that the demand is quite healthy and the rates are still sustained, that is the one player, which we would like.

Going forward again if interest rates are about to tighten, I think since real estate require multiple levels of liquidity, we will be a bit cautious on the real estate as an entire pack.