DLF Has given a big breakout after almost 10 years of consolidation.. Though the breakout happened earlier it got failed because of covid second wave. It has formed a big base at the bottom and usually the more bigger the base , the bigger is the upward move. Its like constructing a building , the bigger the base below the ground the stronger and taller is the building. Real estate sector is in boom. There are few reasons behind it. First of all RERA Act has reduced a lot of uncertainty and fraud in the sector.
The owner of the land are looking for bigger developers . Developers now have to open a escrow account for all transaction and make particular compliance certificates for
environmental, fire , legal etc. Skilled and educated people are now working and are being employed , where as earlier all unskilled people where working. The real estate sector is at almost rock bottom, so valuations are good. This sector can take time to move but looks really good both fundamentally and technically.
The Stock can take time to move Bearing the fact that there have been problem in this sector and company. But the targets are very high.
The owner of the land are looking for bigger developers . Developers now have to open a escrow account for all transaction and make particular compliance certificates for
environmental, fire , legal etc. Skilled and educated people are now working and are being employed , where as earlier all unskilled people where working. The real estate sector is at almost rock bottom, so valuations are good. This sector can take time to move but looks really good both fundamentally and technically.
The Stock can take time to move Bearing the fact that there have been problem in this sector and company. But the targets are very high.