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As per to the sources saying @ the www.propertykhazana.com, property investment company Ishaan Realty Plc (ISH.L) had adjourned some ventures and said it will not begin its two ventures, because of the economic downturn which made the demand smaller for property and rental values in India. Ishaan Realty invested in IT Parks and SEZS ventures in Southern and Western India and the value of the ventures might drop owing to the hike in capitalization rates, because of the stress on rental values and the postponement in ventures.
Company calculates the rental values for more allowances in the retail segment to stay under anxiety in the near to medium term. As the company postponed the ventures in the Indian cities of Mumbai and Hyderabad, it said to www.propertykhazana.com that, “Development of the IT space in the cities of Bengaluru and Pune will not be started till there is proof of inhabitant demand and aplomb that a OK level of pre-letting might be achieved.” Shares of the company were trading for about 25 pence on the London Stock Exchange. For more and latest realty updates visit www.propertykhazana.com.
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