Slump in property sales
The slump in the real estate sector in the last few years had hit the property developers very badly and now they are taking measures to raise funds by selling bonds backed by rental income from shopping malls and offices they own to institutional and high net-worth investors. These funds are raised by many developers [...] Continue Reading »
The slump of the real estate sector affected the real estate and infrastructure company Unitech very badly. The company made the balance sheet available to the public which shows a consolidated net loss of Rs 51.5 crore for the fourth quarter which ended on March 31, 2014 against a consolidated net profit of Rs 30 [...] Continue Reading »
Major headache! Yes, the developers and builders are worried as the sale of apartments and commercial spaces in the city swooped down from long time. Rising mortgage rates and real estate prices has raised loss of interest in prospective home buyers in Thane city. From past eleven months, property sale transactions has crumbled from 24,601 [...] Continue Reading »
