: Real Estate - Worse is yet to Come :

18th Novemberr 2008

Real Estate – Worse is yet to come  After a dream run of over three years, Real Estate sector has been through tough times in the recent three quarters. The sudden change in the economic environment has put the industry character at acid-test (“Agni Pariksha”). True to its history, the industry players do lack a structured DNA to pass this test. Waning demand, drying capital streams, slow execution, and pressure on asset prices is set to reflect in below average performance (...not to mention issues on governance) for the key participants. We believe that the initial worries on the sector outlook would continue gaining intensity and recommend unwinding the exposure to this sector.

From :
www.marketbhavishya.com

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