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Falling Stock market, many Indian realty companies becomes victims

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Claimed source to www.propertykhazana.com says that the strike by increasing interest rates is no more a ‘Bull Market’ for Indian Realty stocks. Suffered by the similar, 8 realty firms have put on hold on their proposals of listing on the AIM of the LSE. These 8 companies have found themselves not capable to increase the exempted funds. Mumbai based land developer Lok Housing and Companies, who are one among the realty companies has delayed the AIM listing said that, “Even though we have filed the documents but we have not found a perfect time to list.” There are some famous players following the similar steps like Ansal Properties & Infrastructure Ltd and the Embassy Group of Bangalore. Ansal’s have lost interest in AIM listing but Embassy has declined to comment on their further moves at this stage after witnessing the drop of realty stocks.
According to the sources available to www.propertykhazana.com, Realty explosion is dependent on Metros and lands in smaller cities and towns are experiencing a rate correction. From January 3 realty firms have dropped among 8 & 36% in market value. Rules & regulations have made the AIM more profitable than other Stock Exchanges. 12 Indian companies have raised funds of about USD 2.7 Billion from AIM and this was done by realty developers comprising Unitech Corporate Parks, Hirco Plc., Ishaan Realty Plc, Evolvence India Fund and Kubera Cross Border Fund. Most before listed realty stocks are trading below their present rate which has frightened most of the investors.
Source: NIMMA BENGALURU

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