HDIL and Indiabulls look promising to SP Tulsian
SP Tulsian of sptulsian.com says that If one takes the previous 12 month scenario, in Delhi NCR, the situation has not been really very good. The off take has been very poor; there have been no new launches. On the other hand in Mumbai the price reduction or fall in the prices at least in the residential space has not been witnessed. There have been selling by the institutional and the developers in the Mumbai space at lower prices. If you study the situation here prices are constant. So there is no downfall witnessed in the prices of residential segment in Mumbai. On the converse it has risen by about 5-10 percent and people are talking that the momentum is likely to catch further, as told by SP Tulsian of sptulsian.com.
Institutional and the developers in the Mumbai have been selling space at lower prices. Here the prices are stagnant. In Mumbai, there has not been any fall in the real estate in the residential segment. On the contrary it has risen by about 5-10 percent and people are expecting that the momentum would continue further.
He further added, in parts of Bangalore and south India that is Chennai, Kochi, things are looking quite positive, and it shows that developers with money are mobilising or mopping up the land parcels like Oberoi.
In Mumbai if you study Housing Development and Infrastructure (HDIL) and Indiabulls Real Estate both are positive. Being a trader one can always punt for a day or may be for couple of hours also that a different scenario but keeping optimistic approach on these stocks at least by them who have good market knowledge of Mumbai market.
Source: Money Control.Com
housing development and infrastructure, Indiabulls Real Estate, Mumbai, residential space, South India, SP Tulsian, Sptulsian.com
