Friday, February 3, 2012

After Irfan Razack Chairman

After Irfan Razack, chairman and CEO of Prestige Group, Bangalore-based real estate developer: "have we boom and bust cycles in India, but because of our large population grows, demand, and support that the industry can build for the next 100 years and. will still be demand for housing in this country. "
India has enough information about the real estate industry. For example, no one monitors housing starts, which is an indicator that is considered in many countries as an important measure of economic health. However, some real estate companies declined in recent years on the stock exchange and is therefore more transparent. Second, equity analysts have begun to monitor these companies and real estate.
However, confusion remains. Consider the market reaction to the Lehman bankruptcy. real estate is a hit for two reasons. Lehman invested $ 200 million property DLF, the company belongs to DLF, India's largest real estate company. In addition, 50 percent graduated from the Unitech project in Mumbai for $ 175 million. (Unitech, India's second largest real estate company.) Among other Lehman investments or planned investments in the Mumbai-based Peninsula Land Ltd. and housing and infrastructure Ltd. (HDIL).

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