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While the panic is prevalent among property brokers, developers and other market
participants, some are happy that the move, together with implementation of Real Estate
Regulatory Act will cleanse the sector.
Vikas Oberoi, CMD, Oberoi Realty stated that this is the most positive and remarkable
decision that would lead to cleaning up of the system. It will assist in improving the countrys
image and attract more foreign investments. Undue advantage that some developers dealing
in cash enjoyed thus far has now disappeared.
Given the existing stock across the major property markets, the impact will be gigantic in
several markets where payment of cash is compulsory and the chief form of profit taking for
developers as well as investors. These markets will see a major collapse making an already
difficult situation even more challenging.
In the quarter ended September, unsold stock across tier-I cities rose 12% and was credited to
new launches with utmost increase seen in Kolkata, followed by Ahmedabad and Mumbai
Metropolitan Region.
Affected Stocks:
Stock Name
Prev. Close
DLF
143
129
-10%
Oberoi Reality
338
290
-9%
Godrej Properties
359
295
-8%
Prestige
183
163
-15%
Phoenix Mills
362
325
-10%
80
72
-14%
HDIL
Omaxe
74
166
67
164
-13%
-1%
PNC Infratech
115
106
-6%
Sobha
270
240
-9%
Brigade
174
160
-9%
Sunteck Realty
275
227
-17%
Sunteck Reality share price remains most affected today, opening 17% below its previous
close. Sobha traded at its new 52 weeks low. Prestige opened 15% below its previous close.
Apart from Brigade, all the stocks are either Multibagger or Top 500 recommendations by
Dynamic Levels. It will be worth watching their journey from now onwards.
Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users
are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
Disclosure
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routine inspection and based on their observations have issued advise letters or levied minor penalty on for certain operational deviations.
Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research Analyst/ his Relative:
Do not have any financial interest / any actual/beneficial ownership in the subject company.
Do not have any other material conflict of interest at the time of publication of the research report
Have not received any compensation from the subject company in the past twelve months
Have not managed or co-managed public offering of securities for the subject company.
Have not received any compensation for brokerage services or any products / services or any compensation or other benefits from the subject
company, nor engaged in market making activity for the subject company
Have not served as an officer, director or employee of the subject company
Article Written by
Tanaya Nath