Redevelopment of its prime property in Mumbai along with expansion in other businesses make Century Textiles a good investment.
The hammering witnessed by the real estate sector in the past few months has also led to correction of stock prices of companies holding vast land parcels, thereby making their valuations attractive.
One such company is Century Textiles and Industries (Century), engaged primarily in the businesses of cement, paper and textile; which is expected to make a fortune by developing its 40-acre of prime land at Worli for IT and ITeS, hospitality, and commercial space.
More : business-standard.com
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