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.

Friday, December 26, 2014

 Housing Development and Infrastructure Ltd: Buy
CMP: Rs.66.40
The shares of Housing Development and Infrastructure (HDIL), the Mumbai-based property developer have a book value of Rs.248.81, while it has a market cap of only Rs.2,805.23 Cr. The company’s current debt on a consolidated basis stands at Rs.3,400 crore, whihc is getting regularly serviced. 

Moreover, the HDIL has recently re-launched its Kurla project called Premier Exotica at Kurla West. Aimed at providing spacious homes and superior amenities, Premier Exotica boasts of a clubhouse, gymnasium, kids play area and landscaped gardens, to name a few. The company claims it has all necessary approvals in place from various authorities and is in advanced stage of construction. The company plans to give possession of the apartments by June 2015. It has also re-launched its fixed rate home loan product under which customers can avail home loans at a fixed interest rate for two to 10 years.

The P/E of the company is 9.54 against the industry P/E of 28.51. A decent P/E re-rating of 20, can take the scrip to above Rs.120, in the next 2-3 months time frame. A strong BUY is recommended. 

P.N:  I am  not keeping well since the last few days due various ailments including a possible, "Food Poisoning" and hence this blog might not get updated on regular basis. Please bear with me, till I get fully well. 
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