A friend in Delhi visited the site yesterday. The super structure (RCC) for 3 out of the 4 towers is complete, though the work itself is going on very slowly. With Sales not picking up, the developer is going slow on the project. However, the investment thesis for the Co. remains intact. In fact, it is more compelling than ever before! A lot of work at the site has been done since this thread was initiated. Around 50% of the project is completed. The market cap of the Co. is around 16-17 crores & it’s share from the project revenues is likely to be many times over, but I expect this story to unfold over the next 2-3 years. The project location is excellent.
Attaching the project catalouge etc.RPS Infinia.pdf (1.4 MB)
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