In India’s biggest metro cities the demand for property has slumped, the increasing borrowing cost and hike by central bank has led to this situation. The adverse effect of which is slow economic growth. According to Prabhudas Lidhar in Mumbai the home sales has dropped to 20 per cent in the month of November from previous year 31 months low. The statements and conflicts in negotiations between the real estate builders and buyers is the main reason behind drop in sales, this was wrote by the research head of Knight Frank LLP India unit, Samanthak das who is based in Mumbai.
The profits of Indian developers have fallen to 23 per cent from a year earlier in last quarter. It fell to 20 per cent since the last three months which ended on 30th June. IN the last quarter
ended this 30th September, DLF’s net income slid to 3.72 billion that is 11 per cent. The challenge which still prevails for the developer sis liquidity concerns said Samir Jasuja, CEO of Propequity . A Gurgaon based real estate analytic and data provider aid that on realty ending there is already a slow phases which is being experienced by the Banks.
The profits of Indian developers have fallen to 23 per cent from a year earlier in last quarter. It fell to 20 per cent since the last three months which ended on 30th June. IN the last quarter
ended this 30th September, DLF’s net income slid to 3.72 billion that is 11 per cent. The challenge which still prevails for the developer sis liquidity concerns said Samir Jasuja, CEO of Propequity . A Gurgaon based real estate analytic and data provider aid that on realty ending there is already a slow phases which is being experienced by the Banks.
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