India Bulls Real Estate is the biggest beneficiary of the soaring land prices in Panvel due to the go ahead of the new airport. India Bulls Green has 29000 flats under construction in Panvel. Last year average price was Rs 2200/ sq ft. Now it is at Rs 4000 /sq foot. Imagine the upside on 29000 flats or about 200 million square feet. Most analysts have costed the NAV of the compamy at Rs 280 but with the Panvel project price at Rs 2200 per sq foot. Now the NAV should be Rs 360 to 380 or so. Stock now 130 which means 200 % upside if it has to trade at NAV.. See the madness of the market .. BTW another big beneficiary is Orbit with its mandwa project. PLEASE READ ATTACHED BUSINESS STANDARD ARTICLE BELOW.
India Bulls Real Estate`s NAV after factoring the price appreciation of its Panvel project rises from rs 280 to 360. The current stock price is rs 130 !!.. the stock seems to be factoring in all the bad news possible, except perhaps some sort of nuclear atom bomb going off...LOLOL.. Difficult to imagine a real estate home builder trading at 60 to 65 % discount to its NAV. Usualy it should trade at a slight premium to account for growth.
Buy the stock for the classic DOUBLE WHAMMY.. a rise in the NAV, PLUS a rise in the share price towards its NAV
http://www.business-standard.com/india/news/real-estate-prices-soar-before-planes/418602/
India Bulls Real Estate`s NAV after factoring the price appreciation of its Panvel project rises from rs 280 to 360. The current stock price is rs 130 !!.. the stock seems to be factoring in all the bad news possible, except perhaps some sort of nuclear atom bomb going off...LOLOL.. Difficult to imagine a real estate home builder trading at 60 to 65 % discount to its NAV. Usualy it should trade at a slight premium to account for growth.
Buy the stock for the classic DOUBLE WHAMMY.. a rise in the NAV, PLUS a rise in the share price towards its NAV
http://www.business-standard.com/india/news/real-estate-prices-soar-before-planes/418602/
