There has been plenty of existing real estate players in market. and majoirty of them are quite discount from their peak levels in 2007-08. How this is different? Godrej Properties despite strong IPO with good management. I missed on past experience of real estate play.
This company player in Mumbai region quite visible. Demand Higher -Supply short.
You see on the top of price chart there option that says
Deatiled Technical Chart somrthing like that
Click it then you will get bigger full view price chart of your desired script
Then you will see on top of chart there are options 6 months 1 year 2 year
At the end of that there is Option called MAX
That means price chart for maximumm history
Then when you get that you will see the starting price at the starting of the chart left hand side
As you point your mouse pointer to the starting
On left hand side you will see changing dates and high low price on top........
So that way you will find listing price
There is nothing in this world...whoz info you cant get you just need more searching....lOl
Go and try that
If you dont get still
I will tell you
I would have told you in the meanwhile instead of typing such a long post
But i want you to do that on your own so that next time you dont require me and can do it on your own....!!
As the Chinese Proverb goes
Give a man a fishing rod he can fish. But teach him how to fish once and he will never ask you for a rope next time...." (this is my version of that chinese proverb,...;-)
Can you please tell me when OMDC got listed? When I checked in MC its only showing data for last one year (only 2010) but it's not shoeing the date of listing and not shoeing any info about IPOP n all.
Please tell me about Manapuran GOLD finance and Sundaram clayton. I am already holding both the shares 200 shares each; and I want to but more shares. what you thing about the future of both the companies.
Thanks
60. Sj| Link| Bookmark|
October 3, 2010 11:02:12 AM
(400+ Posts)
LOL.....!!
Saharanpurji Did Deepak parekh not tell you that India's Real estate market constitutes just 3% of its GDP
China's Real Estate Market is 30% of GDP
USA it's 45% of GDP...LOLLLLL..!!
DID DEEPAKH PAREKH tell you that HDFC is over bullish on affordable housing as well as luxury space more than 2009 crash in an interview to Lata Venketesh of CNBC TV 18
You tell me a simple answer why are real estate prices in Canought Place is so high
Can DEEPAK PArekh explain that....I am sure he can
That is demand and supply
Connuaght place has shortage of Space and demand for business space too high.
Now just because you may not want to buy costly Cannaught place space althugh you may have money for it
You will also not realise that by opening space in Cannought you will get 10 times more business than if you go to FARIDABAD OR GAZIABAD etc.
As far as FSI is concerned INDIABULLS REAL ESTATE IF YOU HAVE KNOWLEDGE BOUGHT SOME KP MILLS OR SOMETHING AT 3 TIMES VALUE....
WHY....?
ARE THEY MAD...?
NO THEY ARE CLEVER....THEY KNWO REAL ESTATE IN MUMBAI WILL BE IN HEAVY SHORTAGE FROM CURRENT OVERSUPPLY TO HUGELY UNDERSUPLLY NEXT 5 YEARS
They also knwo they will get relaxed norms in their FSI so that they can make bigger buildings and earn more from same piece of costly land...and sell it at 4 times ACQUSITION costs of Land
Real Estate is a high margin business
Markets will be overvalued at 28000-30000
People like retail will keep on selling and when SENSEX CROSES 25000
THEY WILL START BUYING AND FIIS WILL SELL TO THEM
So once again retail missed rallly like fools
They are now selling like fools
And then they will panic and buy like fools at 25,000
Thats whay retail investors is callled retail coz they cannot become HNI investor....
They will remain retail throughout there life
Coz they are fools.....!!
ANyways lets wait for the pricing
As i said if not available with comfort in valuation for Oberoi
I will stick with INDIABULLS REAL ESTATE..Saharanpurji you can also buy
Even shreedhar told me he is holding I bulls and Unitech now...
The next two quarters are turnaround and excellent for real estate coz of solid comeback of demand and Exploding of EPS of real estate companies....
DEEPAK PAREKH OF HDFC is very uncomfortable with extremely high prices in Mumbai.
To say 1.5 crore price for 1000 sq feet which mind you is not carpet area but super built up area ie actual area is around 700- 800 sq ft area is normal is MINDBOGGLING.How many of Mumbaikar can afford these prices is difficult to estimate.Volumes would not be there.
Applying for listing gain in Oberoi if valautions are correct is OK but a long term hold difficult to say.
FSI in Mumbai is useful tool for politicians n bureaucrates in GMMMC to play around with n build massive money.
Costliest real estate in the world.I am not comfortable n happy that I dont stay in Mumbai
Please define what do you mean by Cartel Of Mumbai developers..!!
Well it is pure demand supply and earning capacity of Mubaikars that is drawing more and more people to Mumbai...!!
It has nothing to do with Cartel...Shartel..!!....loll
Why do you think property price crashed in 2008 2009...?
Becasue there was oversupply..and demand dropped suddenly due to recession and Real estate developers who overleveraged overestimating demand took the hit and had to sell at record cheap prices to raise money to reduce debt.
But bear in mind that they had acquired lands many years ago even as late as 2001-2002.
So even if the property prices crash tommorow there land in Mumbai that they acquired long time ago will not be sold at a loss but huge gains ...even in a crash
Its the same thing naa
Like if you had bought unitech at 2-3 rupees in 2004 and then it went to 400 and came down to 22 in crash
Still you were sitting on 10 times return right..!!
Same is with Real Estate
Ill suggest you to start investing in debt free real estate companies in Mumbai.....like Indiabulls real estate
You know 1.5 crore for 1000 square feet today in Mumbai is not because of cartel. In fact still there is oversupply.
Why will real estate developers in Mumbai form a Cartel to jack up prices further when there exsisting inventory is not selling..?
Indian Real estate market is different from USA
In USA people bought real estate by mortgaging and they were in huge debts and had bad credit history in first place. hence property prices there tumbled as that property was bought with debt that is leverage.
In India people do not by property by taking loans. even if they do Banks do due diligence to give them loans and see wether they will able to pay loan in installments
Plus 30% is upfront rest 70% is financed by bank as you might be knowing
So people in India are not forced to sell their property when prices crash due to slowdown coz they do not take too much debt and have earning capacity to pay back loans.
So they will not sell their property in Crash and wait endlessly till they get their desired price even 10 years
HENCE TODAY PRICES AR BACK TO NORMAL FROM DEPRESSION LEVELS. DEMAND IS IMPROVING
So 1.5 crore for 1000 sq. ft. flat is not expensive considering demand and supply and Purchasing power of Mumbaikars
YES OBEROI REALITY IS GOOD. REAL ESTATE IS BACK IN VOUGE AND IS IN RECOVERY MODE
IF YOU EVER BEEN TO AMCHI MUMBAI OR WILL GO PLEASE SEE THE QUALITY OF THE MALL THEY BUILT CALLED OBEROI MALL. YOU WILL GET IDEA OF THEIR QUALITY
But there is no sense of Buying Good Company at bad price
So for now i will stick To Indiabulls Real Estate
ANd only after price band officaily announced can take decision to invest in a risky business like real estate at upcycle and highly bullish environment or not. Coz if there is no comfort in valuations compared to peers then it will be another NITESH ESTATES.
47 Lower Price Band (Rs) : 100 Upper Price Band (Rs) : 120 39,562,000 Shares Rs. 475 Crores
Issue Allocation Institutional HNI Retail 23,737,200 3,956,200 11,868,600 Somwthing is wrong. please check it share and amount total what is share for retail and total amount?
The kind of land bank they r having in Mumbai at prime locations, the NAV will certainly come more than 500Rs./share...!! Good IPO though i wont be able to subscribe for it.