26.05.2011 - Maturity or greed that drives Indian realty firms?
Indian real estate firms have seen domestic options for funds drying up. The companies' poor fundamentals are the key reason for this. In recent times, real estate firms have found it increasingly difficult to meet their financial obligations. The reason for this is slower sales which is a result of the lower demand from the residential housing sector. The demand has been hit by a double whammy of higher interest rates combined with exorbitantly high property rates offered by the realty firms..............................................Full Article: Source
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