Realty Stocks in Free Fall Mode

The Indian Realty shares have witnessed a FREE FALL without any BUYING support at all. Realty major and SENSEX constituent DLF has hit an all time low of Rs 521, [even below its IPO issue price of Rs 525 Recall How DLF Cheated its Investors showing the true colors of its Management.]At 1:20PM, Ansal API and Unitech have hit a new 52 week low. Indiabulls Real Estate another purely speculative company without any fundamentals has witnessed massive selling.

Omaxe, HDIL, Parsvnath Developers, Sobha Developers and Purvankara projects have all corrected by more than 50% from their all time highs and are all quoting below their IPO Issue prices. These stocks are under performing benchmark indices as they have hit a new low already while benchmark Indices [SENSEX / NIFTY] are still above their March Lows.

Most analysts on Dalal Street attribute this massive SELL OFF in realty stocks on expectations of atleast 25% correction in selling prices of developed properties.