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Indian Real Estate Company Stock - Free Fall In Price Yet To Come

The Indian Government Demonetization of 500 & 1000 currency note kicked down real estate companies. The listed Companies like DLF, Oberoi Realty and others already witnessed 25 to 30% correction. Given the ongoing notes from different bodies of government coming on daily basis, it is clear that Government initiative will make it harder for new home or commercial buyers to buy the property whereas the cash oriented sector may face major cash crunch.

Government already made it clear that their next target would be benami property which will lead to a situation where in Real Estate inventory will pile up. The already inventory stressed sector based companies may witness fall in their new bookings, cancellations of bookings and subsequently lower revenue. I won't be surprised if some of the profitable companies go into red.

In my point of view, real estate listed companies may correct another 30% in coming months.
It's a golden opportunity for the investor to keep on tracking some of the good companies like DLF,Oberoi,Shoba Developers and others in order to grab those share at rock bottom level and hold it with long term view.

Please stay away from F&O market.

Disclaimer: Consult your financial adviser before investing.

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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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