Realty stock went dull in 2011
Real estate market saw many ups and downs in 2011.
The firms either big or small who are listed at the Bombay Stock Exchange (BSE) degraded all in the previous year.
The realty stocks’ price on an average went down by almost 51% with some firms going down as much as 80% in 2011.
The net profit of the firms have also has suffered a lot.
In the year 2010, around 14 big real estate groups had a top line of Rs 44,480 crore which went down by 58% to Rs 18,524 crore in 2011.
Also, dull transactions, less launches of projects and hike in property prices was seen in the same year. 2012 was either not that great on realty front but it all depends how developers attract the buyers back.
Source: Hindustan Times
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