Thailand’s second largest realty house Preuksa Real Estate Pcl on a recent statement on www.propertykhazana.com reveals that the company is expecting a total revenue of Rs 1 billion during the financial year of 2010 from the act of home sales at various locations in India. President of the company states that “India being the most potential house for residential sale the revenue of the company might fly up to Rs 3 billion for the next coming fiscal terms”.
President of the company further adds that with degrading scenario of borrowing charge at the second fastest growing economy is paving way for home seekers in India where it is already running shortage of 24.5 million units. Source reported at www.propertykhazana.com also reveals that the Thailand based realty Preuksa is extending its arms beyond the borders of the country to fulfill the annual target of 3 billion dollar by coming 2017. For the future plans of the company in India, it has undertaken a whooping residential project of 1.1 billion baht at an undisclosed location in Bangalore by the end of the this fiscal year apart from its future blue print at Mumbai and New Delhi for same housing ventures as added by the company’s president.
On a short note with www.propertykhazana.com Soranpong Jakteerungkul - a prominent analyst of Bangkok states that “the company has to concentrate now only on working capital and some land issues. He also points that “Preuksa is one among the Thai counterparts which will be capable of declaring their growth for the fiscal of 2010”. For more and latest realty updates follow us at www.propertykhazana.com.
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