How much is Indiabulls Real Estate really worth?

the most pertinent question dogging the minds of investors in indiabulls is the valuation for its real estate arm.......here i would present possible valuation for it ...

it has 6 real estate projects namely :

1. Jupiter mills

2. Elphinstone mills

3. Tehkand housing

4. Sonepat township

5. Gurgaon housing

6. Multi-SEZ

according to Knight Frank (a consultancy firm) the value of these ventures is at a mind-boggling Rs. 21,570 crore,of which Indiabulls stake is put at Rs. 15,130 crore......based on this Indiabulls Real Estate is worth Rs. 796.2/share..

Merril Lynch ,on the other hand feels risk perception of SEZ is high ,so it has degraded the value of Indiabulls Real Estate division by 47-55% ......based on this the share price of real estate is around Rs. 423-430/share..

the scrip IBREL(indiabulls real estate limited) would list in mid-feb..