| From Hindustantimes.com: Real estate companies were never a favourite among fund managers. Now after several scams coming out with links to various real estate companies, fund managers feel the sector is not the place to be in. The real estate index at the Bombay Stock Exchange fell by 29% over the last one month since the scams broke out.
The chief investment officer of a leading mutual fund firm said that they have minimised their exposure into real estate sector at low levels...............................................Full Article: Source
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