Hello members,
My first post here.
Was doing some back of the envelope calculations on the land value. GOCL claims it will sell 264 acres for Rs. 3,402 crores, which works out to around 12.88 cr/acre.
The going rate as per property websites is between Rs 40-55 cr/acre.
Even at Rs 13cr/acre the company looks attractive, but was wondering if there’s something fishy, or if there’s a rational explanation for the underpricing.
On another nots, I observe that GOCL lost its case against Udasin Mutt both in the High Court, and in the Supreme Court (in 2023).
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