Tag Archives: Depreciation

Developers in the metropolis plan to target NRI buyers

November 24, 2008 – 7:01 am

Real estate developers in the metropolis plan to target NRI buyers, primarily in the UAE, in a bid to push up their sales, affected in recent times by high prices and adverse sentiment, a senior industry official said.
“With the Rupee depreciating via-a-vis the dollar, NRI buyers stand to gain by around 20%. Prices too have [...]

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Slow Down In Lucknow Realty

July 25, 2008 – 5:08 am

A number of Lucknow-based small builders are facing crunch due to the rise in inflation and increase in the interest rate by banks.
After the real estate boom the city witnessed, a number of such builders joined the bandwagon. Moreover, they invested heavily in the projects.
However, due to the recent downturn, they are forced to sell [...]

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Dewan Housing Reports 11.78% Rise

May 14, 2008 – 5:30 am

Dewan Housing Finance Corporation reported a 11.78% rise in net profit to Rs 29.44 crore compared with Rs 13.51 crore during the corresponding period last year.The company’s income went up 45.4% to Rs 148.02 crore during January-March 2008 as against Rs 101.80 crore during the same period last year.
The Dewan Housing board recommended a 10% [...]

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