Tag: Market Scenario

Sahara to defy realty slowdown

December 5, 2008 – 6:10 am

Though developers in the realty sector are facing an unprecedented pressure due the global economic slowdown and are being forced to think on the lines of reducing prices of their housing projects, Sahara Real Estate is trying to buck the trend and will instead hike the prices with effect from the next year. Shedding light […]

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Home prices may fall in first quarter of 2009

October 21, 2008 – 2:10 am

Potential home buyers, who have been deferring their purchase decisions, may have to wait till April-May to get a good deal. The ripples of the ongoing financial crunch, coupled with mounting pressure from various other circles, will peak between January and March. That’s when many developers will be forced to sell the unsold stock at […]

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Realtors’ Advance Tax Payment Falls Down

September 30, 2008 – 1:32 am

Major real estate players including DLF, Unitech, Parsvnath and Omaxe appear to have taken a sharp hit with the slowdown in the economy as their advance tax payments have fallen sharply. Faced with lower sales and liquidity crunch, DLF hasn’t paid any advance tax in September of this financial year, compared to Rs 37 crore […]

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Profit Zoom Of Sobha

July 25, 2008 – 5:07 am

The Board of directors of Sobha Developers Limited approved the unaudited financial results of the company for the quarter-ended June, this year. Sobha Developers recorded a 24% growth in net profit during the first quarter of the 2008-09 financial year. Its net profit for the quarter stood at Rs 50.5 crores, up from Rs 40.8 […]

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