Income of Indiabulls and Oberoi has increased
Earnings of the realty firm Indiabulls Real Estate Ltd and Oberoi Realty Ltd has been increased in the last quarter of the financial year 2011-12.
The Indiabulls has recorded a rise in net profit of 30 percent while the Oberoi group has posted a rise in 33.8 percent in the total income.
The increment in the profit margin is due to the sales happened at high price, not on the volume of the sales quantity.
It is an example of the rise in the cost of the properties in the Indian real estate market.
Indiabulls sold properties by an amount of Rs 666 crore while the Oberoi recorded an income of Rs 254 crore in the last quarter.
More related stories:
All property deals will be included in Central registry
Source : Live mint
income of real estate builders, Indiabulls, Indiabulls Real Estate Ltd, Indian real estate market, Oberoi Realty Ltd, Realty firm, realty firms in India
