Tag: Distress Sales

Tight credit and small bonuses hit real estate

November 24, 2008 – 6:54 am

The giant cranes that once worked long into the Mumbai night are still, the roar of concrete mixers has dulled, and hundreds of migrant Realty hit workers have gone home. A slowing economy, high interest rates, tighter credit and a falling stock market have left developers in India’s financial hub scrambling for cash and delaying […]

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Real Estate Firms Delay Plans

August 18, 2008 – 2:40 am

Most Indian developers have hit the brakes on fresh land acquisitions as a slide in the stock market, rise in interest rates and aggressive demands of the private equity investors have limited funding options. After five years of boom, real estate firms in India are grappling with tepid sales and cash crunches as inflated property […]

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