How Realty Stocks Destroy Investors Wealth

We have been tracking this sector for over 2 years now and here is how Real Estate Stocks in India destroyed Investors Wealth over the past 4 months. They have been halving like a Nuclear Fission but the only difference here is [Wealth is Destroyed] Expandable Image Comparing the Values of Realty Stocks Month Over Month.

In the above image [expandable] you see how Indian Realty Stocks have halved in months time :-)

Worst is Not Over for Real Estate:
Corporates have started Defaulting and withdrawing abnormal bids for Land. Citra Developers, a 100 per cent subsidiary of Indiabulls Real Estate, withdrew its Rs 6.76 bn bid for the 134-acre PALPeugeot land in the Dombivli-Kalyan region, about 100 km outside Mumbai.

Jet Airways, which had bid successfully for a prized Bandra-Kurla Complex (BKC) plot in Mumbai for a whopping Rs 8.26 bn, has walked away from the deal.