Real estate firms
Analysts have commented that the Real estate firms are expected to have had a lackluster in the June quarter with lesser profit due to tighter margins and higher inputs costs compared to the previous year. Firms are expected to show downfall in their profit, including big players like DLF Ltd. Bangalore based developers seem to [...] Continue Reading »
Realtors are reducing their staff as debts loading and sales decline while there is no remarkable improvement observed on fresh projects for the past one year. The heat is mainly on the marketing and sales teams of several real estate firms and their situation is pathetic. Since the number of new projects has reduced due [...] Continue Reading »
The Mumbai-based real estate developer DB Realty Ltd has posted lower revenues in the quarter ended 31 March. It is found that the total revenue earned by the builder is reduced to Rs. 97.71 crore from Rs 391.8 crore, while the net profit has increased by 152 percent to Rs 20.26crore. The company has also [...] Continue Reading »
The execution of projects and sales bookings had improved for the real estate firms in the quarter ended March (Q4) than in the preceding three months. The real estate companies struggled to improve the sales and profit in 2011-12 as the economy slowed. The realty index on BSE has dropped nearly 24% in the past [...] Continue Reading »
With the improvement in corporate sector and information technology (IT) sectors service apartments is slowing gaining importance. Serviced apartments are in the buzz in Indian real estate. Cities like; Delhi, Kolkata, Bangalore, Kochi and Pune real estate firms have started offering medium as well as high end serviced apartments. These service apartments are fully furnished [...] Continue Reading »
