Discrimination faced by Mumbaikars...
If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.
Monday, June 03, 2013
HDIL: Early Signs of Temporary Bottom FormationTriggers:
(i) Considering the current fall in the price of the share to some abnormal levels, the management might look at the option of "Buy Back" of shares from the open market. According to the sources, the company could take up the issue, in the next board meeting.
(ii) RBI is expected to come up with a CRR cut in the next policy meet, which is likely to give a sentimental boost to all the scrips in this sector.
(iii) HDIL has huge land area in the Mumbai Metropolitan area, which is likely to add value to the shares of the company, going forward.
(iv) The company has approached the courts, regarding, Mumbai International Airport Limited (MIAL), issue. HDIL has several projects to generate the TDR, and the airport project was one of them. It has about 1 million square feet of TDR which is left and which will be sold. As such the ongoing projects which were part of the airport scheme would not get affected. The company is going to try and see not to put any other future projects into the airport scheme. The balance TDR will be sold and monetized over the next year or so.
(v) The company has several assets whether within Mumbai city or outside. It has assets in Hyderabad, Kochi and Delhi, which it is planning to monetize to reduce the debts. Moreover, the company is expected to get Rs.220 crore from the Adani Group.
(v) The share price had an unnecessary savage fall. However, the worst is probably behind the company as the scrip crashed from around Rs.120 to the current price of Rs.42.20 (almost one third). In other words the current price factors in all the negatives in the company and hence further downside is limited. Macquarie has put a buy on HDIL. CLICK HERE.