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Steep falls still continues at BSE for realty major

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Deep falls still continues for major realty houses of the country despite many reforms made to upgrade the realty sale. On Tuesday it slashed up to 9.76 percent for the day as per the reports available on www.propertykhazana.com. However Indiabulls maintained the top position in the gainer list with 16.15 percent to get close at Rs 209.46 where as top gun DLF stepped down to 9.04 percent to Rs 336.55. Coming to Unitech and Sobha it marked around 9.85 percent and 10.55 percent respectively.
On a short note with www.propertykhazana.com Ashish Jagani from Citi group states that “though there is a huge fund raise through various medium, we can expect bigger realty ventures in near future which will enhance the recovery of realty dullness”. Apart from this the realty norms of Reserve Bank of India is also the main point of concern as they hinder the realty progress with fluctuating borrowing cost with recent raise in the provisions from 0.4% to 1% for commercial realty segments as added by Jagani. He also points towards the prospect of IPOs which may be very useful in future dealing of realty at such harsh economic scenario.
Source reported at www.propertykkhazan.com depicts that, Indiabulls lost 18.30 percent on BSE on last week where as lost of DLF and Unitech counts up to 16.24 percent and 18.30 percent respectively. For more and latest realty updates follow us at www.propertykhazana.com.
Source: NBTVLIVE

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