slump in real estate market
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 »
Revenue from property registrations has come down considerably in Nellore district in Andhra Pradesh. The dip in revenue is due to a slump in real estate activities in Nellore. The slump has been attributed to nearly Rs.500 crore stuck in circulation schemes. Moreover, investors are interested in buying gold and silver instead of land or [...] Continue Reading »
