Read the whole thread today. (Hadn’t read it completely thanks to my mental roadblock regarding RE companies). Seems like a nice combination of honest, capable, conservative management running company is a smart way (not thinking in term of land bank acquisition). They have ~0 debt, very good ROE, and are doing fairly good when everyone other guy in the industry is in a deep soup.
I have few questions on it.
1). Seems like some sort of accounting practice change has occurred recently. Any idea how it is going to affect their EPS in coming quarter. Can anyone with good grasp of accounting help us lesser mortals by explaining in layman term.
2). Talk with friends points to the fact that some sort of real estate downturn is in coming in NCR region, with builders finding it tough selling flats, and hence have started attracting buyers by offering freebies like free parking and so on. To me a real estate slump (if not bubble burst) is a very possible outcome at NCR region. Any idea how that is going to effect Ashiana.