Real Estate stocks shine as apex court frees 6.4 lakh acres

Q: Hey did you get the good news that the apex court has freed 6.4 lakh acres of removing the private forest tag.

Suresh Khanna, Mumbai

19th February 2014

Real estate News in Mumbai

price appreciation

mumbai real estate

mumbai properties

price details

mumbai real estate market

mumbai realty

Follow Discussion

Also see discussions for

Mumbai Real estate News Real estate News in Mumbai

Replies (3)

Hi Sandeep,
In my opinion if things go well it could get the required approvals in the next two to four months and announce the launch. If other developers are benefited by the ruling also announce their launches, then the increase in supply could force a competitive rate healthy for buyers,

Ashish Sharma, Mumbai

19th February 2014

Comment

Hi Ramesh,
However it depends whether it leads to a long-term improvement in the stock prospects of the concerned realty companies depends on structural or fundamental improvements in the companies concerned and how the demand for real estate shapes up going forward.

Ravi Waghmare, Mumbai

19th February 2014

Comment

But i think for Godrej properties the benefit would be limited as it is working on a development management fee model in that area and does not own the land. For Oberoi Realty the benefit would be more since it has been heavily banking on the launch of the Mulund project to achieve sustainable sales and cash flow.

Sandeep Mhatre, Mumbai

19th February 2014

Hey Suresh,
By withdrawing the forest tag of 6.4 acres, the order is expected to benefit over 5 lakh residents and developers such as Godrej, Runwal, Oberoi and Nirmal Life Style.

Sunil Joshi, Mumbai

19th February 2014

Comment

Helllo Sunil,
Due to this even the sensex in the BSE outperformed and settled at 1212 from its previous close which was 1.63 %. The move is positive as it would help reduce pressure on supply due to projects being stuck at approval stage.

Ramesk Polekar, Mumbai

19th February 2014