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A BHOOM CAN BE EXPECTED IN THE REALTY SEGMENT – ACC

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The MD of ACC group on Sunday made a statement that with a revival of realty business, signs of improvement in the realty segment is underway. A source at www.propertykhazana.com says that a favorable outcome in the realty segment is being forecast during the year end and may boom further in the course of next year. Expecting a strong and steady business in the realty segment, he added that Cement of Ready mix would be used for construction purposes in future projects.
Sources from www.propertykhazana.com say that the market abroad are consuming nearly 95% of Ready mix concrete and only around 15% is consumed in our country. Due to a worldwide market downtrend, the RMC business could not improve its segment in Tier II and Tier III places in comparison to major areas. ACC Concrete, the sister concern of ACC group showed a downtrend of nearly Rs. 100 crores in 2008 though their overall profit increased by 40% at Rs. 515 crores and sales growth by over 38%. For more and latest Indian realty updates browse www.propertykhazana.com.
Source: NBTVLIVE

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