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Orbit Corporation
Tracked by: 0 Boarder
The property prices had gone up illogically as in the case of Stock Markets. Now that the stock market is coming to its senses, real estate will follow the suit.
People say that the builders have minted money during the boom time and they are sitting pretty on cash balance but that is not the reality.
The greed of making more and more profits always drive a builder to acquire in new land. In the process he ploughs in profits and some times go beyond his own limits and borrow from the market either organised or unorganised. This leaves him dry of cash.
If a builder borrows money to acquire a plot of land and is not able to move his project then he is in deep trouble as the meter of interest keeps on ticking and eventually digs up a grave for to be profits.
In such situation it all depends on the nerves of a builder that he could sustain this situation.
In view of this a builder is left with no option but to sell his property in distress.
Already the smaller builders had started surrendering their land banks to big builders at throw away profits. Sooner will be the turn of big builders.
Thats the time the real estate market will crash. Actually crash is a wrong term, it should be said that the real estate market will come to sense....
In reply to:
Property prices to decline 15-20%: Orbit Corp
Posted by :
MMB Messenger
Orbit Corporation, which announced its second quarter results today, has said that property prices are likely to decline 15-20% from the top. According to Pujit Aggarwal, Managing Director, Orbit Corp, real estate prices will come down this festive season. 
Tracked by: 0 Boarder
Where are all these analyst who said that Orbit has a target of 1000/- ????.... By mistaken they gave 1000/- instead of 100/- or what??? lol...lol...lol......
In reply to:
Property prices to decline 15-20%: Orbit Corp
Posted by : Guest
Real estate prices are expected to to fall drastically and in any case by more than 30 % in a couple of months. Mr Agarwal seems to be conveying his assessment perhaps in too silky way. He should have also clarified about his company\\\\`s cash flow in the last six months as compared to the preceding year same time .There is no point in closing our eyes to gathering storm in real estate sector in particular and economy as a whole in general. It is better govt also stopped talking about sound fundamentals of IndiN economy when India is heavily dependednt upon exports in western market for earning its forex so badly required to finance its ever increasing oil import.
Tracked by: 0 Boarder
Real estate prices are expected to to fall drastically and in any case by more than 30 % in a couple of months. Mr Agarwal seems to be conveying his assessment perhaps in too silky way. He should have also clarified about his company\\\\`s cash flow in the last six months as compared to the preceding year same time .There is no point in closing our eyes to gathering storm in real estate sector in particular and economy as a whole in general. It is better govt also stopped talking about sound fundamentals of IndiN economy when India is heavily dependednt upon exports in western market for earning its forex so badly required to finance its ever increasing oil import....
In reply to:
Property prices to decline 15-20%: Orbit Corp
Posted by : MMB Messenger
Orbit Corporation, which announced its second quarter results today, has said that property prices are likely to decline 15-20% from the top. According to Pujit Aggarwal, Managing Director, Orbit Corp, real estate prices will come down this festive season.
Tracked by: 0 Boarder
dont even go to any builder to ask if any they are giving any discounts. let them get so frustrated that they offer 40-50% discount. they have made buyers feel like beggers since last 3-4 years. ...
In reply to:
Property prices to decline 15-20%: Orbit Corp
Posted by : MMB Messenger
Orbit Corporation, which announced its second quarter results today, has said that property prices are likely to decline 15-20% from the top. According to Pujit Aggarwal, Managing Director, Orbit Corp, real estate prices will come down this festive season.
NSE Announcements on Orbit Corporati
Posted by : MMB MessengerTracked by: 0 Boarder
Orbit Corporation Limited had submitted to the Exchange the presentation on the Un-audited Financial Results for the quarter ended September 30, 2008 The Company has now informed the Exchange that in the Result Analysis Presentation of the Un-audited Financial Results, on the page 7, there is a typographical error wherein the EBIDTA should be read as INR 242.47 million instead of INR 358.52 million. Further the Company has submitted to the Exchange a revised presentation on the Unaudited Financial Results for the quarter ended September 30, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
Tracked by: 0 Boarder
Buyers plz dont buy home till this year and then these builders will know their limit. They have been booking profit like a asssured lottry....
In reply to:
Property prices to decline 15-20%: Orbit Corp
Posted by : MMB Messenger
Orbit Corporation, which announced its second quarter results today, has said that property prices are likely to decline 15-20% from the top. According to Pujit Aggarwal, Managing Director, Orbit Corp, real estate prices will come down this festive season.
Tracked by: 0 Boarder
I hope this really happens and my dream of buying a home finally comes true !
-Sachin,IT Professional Mumbai...
In reply to:
Property prices to decline 15-20%: Orbit Corp
Posted by : MMB Messenger
Orbit Corporation, which announced its second quarter results today, has said that property prices are likely to decline 15-20% from the top. According to Pujit Aggarwal, Managing Director, Orbit Corp, real estate prices will come down this festive season.
Tracked by: 0 Boarder
Orbit Corporation, which announced its second quarter results today, has said that property prices are likely to decline 15-20% from the top. According to Pujit Aggarwal, Managing Director, Orbit Corp, real estate prices will come down this festive season. ...
NSE Announcements on Orbit Corporati
Posted by : MMB MessengerTracked by: 0 Boarder
Orbit Corporation Limited has informed the Exchange vide notes to Accounts in the unaudited financial results for the quarter and six months ended September 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on October 13, 2008) regarding out of the proceeds of the IPO, utilisation of funds upto September 30, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
NSE Announcements on Orbit Corporati
Posted by : MMB MessengerTracked by: 0 Boarder
Orbit Corporation Limited has informed the Exchange that further to the Communication dated October 06, 2008, the Warrant Conversion Forms are being sent to those Warrant holders as on September 30, 2008, being the specified date. The blank warrant conversion forms are also available on Companys website www.orbitcorp.com and the Registrar & Transfer Agents website www.intimespectrum.com. Further, the Warrant holders can exercise the conversion option in the subsequent three conversion period which will be upto the 30th month from the date of allotment i.e. October 05, 2009. The Terms of warrants shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
NSE Announcements on Orbit Corporati
Posted by : MMB MessengerTracked by: 0 Boarder
Orbit Corporation Limited has informed the Exchange regarding a press release dated October 13, 2008, titled "Orbit Corp Q2 FY09 net at 13.71 Cr; Consolidated Income for Q2FY09 at 74.07 Cr". Further the Company has also submitted to the Exchange a copy of Presentation on the Un-audited Financial Results for the quarter ended September 30, 2008 and FAQs on the Un-audited Financial Results for the quarter ended September 30, 2008. A copies of the above shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
NSE Announcements on Orbit Corporati
Posted by : MMB MessengerTracked by: 0 Boarder
Orbit Corporation Limited has informed the Exchange regarding the consolidated Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 15566.89 lacs for half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 3193.72 lacs for the half year ending on 30-SEP-2008....
BSE Announcements on Orbit Corporati
Posted by : MMB MessengerTracked by: 0 Boarder
Orbit Corporation Ltd has informed BSE about the Standalone & Consolidated unaudited financial results for the Quarter ended Sep 30, 2008....
BSE Announcements on Orbit Corporati
Posted by : MMB MessengerTracked by: 0 Boarder
Orbit Corporation Ltd has informed BSE regarding a Press Release dated October 13, 2008 titled "Orbit Corp Q2FY09 net at 13.71 Cr"....
BSE Announcements on Orbit Corporati
Posted by : MMB MessengerTracked by: 0 Boarder
With reference to the earlier announcement dated October 06, 2008, Orbit Corporation Ltd has informed BSE that the Warrant Conversion Forms are being sent to those Warrant holders as on September 30, 2008, being the specified date. The blank warrant conversion forms are also available on Companys website www.orbitcorp.com and the Registrar & Transfer Agents website www.intimespectrum.com.
Further the Company has informed that, the Warrant holders can exercise the conversion option in the subsequent three conversion period which will be upto the 30th month form the date of allotment i.e. October 05, 2009. The Terms of Issue / Conversion of Warrants are attached herewith for ready reference....
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