Real estate companies are unlikely to see a better fiscal 2012 despite announcement of asset sales and aggressive launches. CNBC-TV18’s Priyanka Ghosh unravels the tough road ahead for some of the realty companies.
After failing to meet guidance in fiscal 2011, real estate companies have lined up extensive asset sale programmes, aggressive launches to tide over the huge interest burden and debt repayment they are staring at. Realty major DLF was quick to revise its asset - sale target to Rs 10,000 crore after missing its debt reduction and sales guidance for FY 11.
the above is a news item appearing on money control, which is to a certain extent my opinion as well. based on this I think we should think twice before investing in any instrument related to real estate.
After failing to meet guidance in fiscal 2011, real estate companies have lined up extensive asset sale programmes, aggressive launches to tide over the huge interest burden and debt repayment they are staring at. Realty major DLF was quick to revise its asset - sale target to Rs 10,000 crore after missing its debt reduction and sales guidance for FY 11.
the above is a news item appearing on money control, which is to a certain extent my opinion as well. based on this I think we should think twice before investing in any instrument related to real estate.
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