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 on [...]
By rajani
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Posted in Property News
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Also tagged Business Strategy, Buying Spree, Confusion, Debts, developers, Estate Business, Expansions, Fi, Financial Trouble, Full Swing, Global Economic Slowdown, Half Year, Housing Projects, India, S Real Estate, Sahara, Term Business, Unprecedented Pressure, Volatile Market
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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 a [...]
By rajani
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Posted in Property News
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Also tagged Current Market, Economic Prospects, Festive Season, Financial Crisis, Financial Crunch, Global Financial Turmoil, High Interest Rates, Home Buyers, Jones Lang Lasalle, Jones Lang Lasalle Meghraj, Parel, Puri, Real Estate Developers, Ripples
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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 [...]
By rajani
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Posted in Property News
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Also tagged Ansal Properties, Baliga, Current Market, Dlf, Goel, Hdil, Industry Executive, Liquidity, Parsvnath, Previous Announcement, Real Estate Sector, Realty Firms, Rohtas, Scrip, Share Buyback, Slowdown, Stock Broking, Tax Payments, Unitech
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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 crores [...]
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