Tag Archives: Profits

Home Rates May Drop Upto 12%

October 2, 2008 – 11:37 pm

Last week, at Mumbai’s Grand Hyatt Hotel, leading city-based real estate developers were closeted in an hour-long meeting. The agenda: to discuss ways to counter the slump in home sales which has persisted for almost an year now.
The outcome: The bitter realization that the Indian developer has limited options before him to attract buyers. The [...]

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Omaxe Sees Financing Costs Up 300 Basis Points

July 30, 2008 – 6:35 am

Real-estate firm Omaxe Ltd sees borrowing costs rising by as much as 300 basis points this fiscal year as interest rates in the country rise.
Executive Director Vipin Aggarwal said that the firm will raise 5 billion rupees in the year ending March 2009. A deteriorating sales environment for property companies may also weigh, he added.
Rising [...]

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