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Write offs of Rs 280 crore have further added to the losses of Gammon India. Due to write offs Gammon India has faced a loss of Rs 454 crore. This has been reported in the audit result done in December. The net sale decreased by 16.3% to Rs 1,020 crore and loss of Rs 150 [...] Continue Reading »
Mumbai Metropolitan region (MMR), which normally has an annual flat sales average of 80,000 units, declines with only 45,000 apartments sold in the year 2011-12. According to the Knight Frank research report released on Thursday the market has an unsold inventory of 80,000 flats valued at Rs 1.05 lakh crore. Sales in the financial year 2012 [...] Continue Reading »
