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India: Tepid sales to impact real estate companies’ March quarter results

Posted on 11 April 2013

Although real estate firms focused more on project execution and debt reduction in the March quarter, high inventory, a lull in approvals and a drop in the number of launches may still hurt their performance for a while.
South India-based developers such as Prestige Estates Projects Ltd and Sobha Developers Ltd may outperform companies from other regions because of improved absorption and better affordability, while India’s largest developer DLF Ltd needs to boost sales, a Mint poll of four brokerages showed………………………………………..Full Article: Source


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