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India: Realty slowdown spooks construction companies

Posted on 13 June 2011

The going may not be as tough as in the downturn, but a lacklustre real estate market is forcing contractors to tread gingerly. So some like RS Garg, chief financial officer, Ramky Infrastructure, believe it’s not a wise thing to take up real estate contracts.

“Moreover, there are a lot of new entrants bidding aggressively. You either join them or stay away. We’ve decided to stay away,” he said………………………………………Full Article: Source


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