Bombay Stock Exchange (BSE)
On Wednesday, shares of real estate firms fell by up to 9 percent; thanks to selling pressure. While the benchmark index – the S&P BSE Sensex – witnessed a 0.22 percent plunge, some sectoral indices cracked almost 5.3 percent. The top loser among the sectoral indices was the S&P BSE Realty index. Prior to the [...] Continue Reading »
Real estate player Prozone CSC, earlier a subsidiary of Provogue India Ltd, will be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on September 12 as an independent entity. Prozone CSC Ltd has gone through the demerger process duly approved by the Mumbai High Court and is scheduled to be listed as [...] Continue Reading »
Indian real estate companies seem to take a hit due to imposition of VAT in Maharashtra. The shares of most big players dropped for a second day as confusion kept arousing about who would end up paying a proposed retrospective value-added-tax(VAT) from the state of Maharashtra. The drop was caused by worries about a stringent [...] Continue Reading »
The revenues of 25 listed realty companies in Bangalore have witnessed a downfall due to less number of sales. There was 9.3 per cent fall in revenue in the last quarter of 2011. According to a report by Knight Frank India, a real estate consultancy, buyers showed less interest in buying properties as the interest [...] Continue Reading »
