Boss i salute you sir,i loved reading your post and the depth of knowledge you have in RE.
Now i see you have knowledge of each members details also,where he invested,what he mentioned few months back.All IREF members should be proud of you including myself.
I made one mistake by using your name few weeks back and got suspended by you.
I want to apologize for that.
in 3 yrs is a long time friend ..if anybody is investor then one shud cum out of it..i feel u can always enter at 2015 june ...and make quick money then....
Originally Posted by ashu_sharmaa
Boss, I had clarified this escalation thingy in the beginning, as escalation was not part of Buyer's agreement of Phase 1 Launch, and introduced later. Cement, steel and value of USD are the only escalation factors. Rest (labour, fuel etc) will not count. Thus if basic structure is ready and these factors (Except USD) are more or less out of the way, application of USD on the rest of the imported components will have smaller effect and will possibly not breach the 10% limit on overall cost (As you say that it is only 25% of the overall cost)...I am not saying that escalation will not happen for sure. It can. But speed of construction will bring the possibility of escalation down due to the included factors
You have opened my mind to possibility that escalation will apply for overall cost and not just to the out go. But it can also possibly be for future payments only. Depends on how the clause is applied
I have also clarified recently with Puri Mktg- Puri will probably deliver by end 2015. Which works well for me for taxation (I have to hold for 3 yrs for avoiding Capital gains). And hopefully DEW will get resolved by then, and factored into the price. From investor perspective (Though there is a possibility that I will be an end user) DEW doesn't have to be built by the time Puri is ready, just the issue needs to be resolved to get some of the benefits factored in the price. So, I am not worried about the timing as long as Puri possession is after DEW is resolved on paper, which is a strong possibility