In fact, there is no point for such huge rise in sensex in bombay stock exchange and NSE. It will not be wise to for fresh purchasing at such high price. There is every possibility to melting down the market at any time. Bulls have been showing huge strength since BJP came into power in central. Look at the big houses like Ambani and Adani group. Chinese banks have refused to extend loan to Adani group for their ongoing coal project in Australia. Why? Recently Ambani group led Reliance communications has gone down and down. Like this there are so many shares of different companies whose share pricce/ has gone up and up but with no valid reason. So this is very risky market to stay invested at present.
Real estate prices are shooting to the stars even in tier three cities. Real estate prices are single largest pain point in the common household budget.
It is precisely this dubious nature that result in piling up of inventories running into millions of unsold units countrywide.
It is a misleading statistic. It is not that Real Estate Stocks were down and they are recovering.
Real estate stocks went down the toilet flush. Example - Unitech ( 3rd largest real estate co in INdia) went from say 90 to 5 rupees within a span of 1 year. Other stocks too have had the same fate.
Like real life real estate business in India, real estate stocks too are dubious.
When your net worth is 2 rupees, a 1 rupee increase means 50% growth. That does not mean that you rush burn your hands in real estate.
