27.11.2008 - Realty slump in Gulf region hits Indian firms |
From Livemint.com: Many Indian real estate and construction firms and architects are feeling the heat of a real estate slowdownin West Asia. Over the past three-four years, developers and construction firms such as the Dheeraj Group, Hiranandani Developers Pvt. Ltd, Ajmera Group and Mayfair Housing (P) Ltd entered markets in West Asia, attracted by relatively low-cost land, rising demand and the scope for striking joint ventures (JVs) with local developers..... Full Article: Source |