Today’s market moves in certain real estate and infrastructure stocks were quite big. Read this article from Moneycontrol which talks about HDIL, IVRCL, Sintex, IRB Infra and Unitech amongst others. Midcap that got battered 6-22% in today`s trade – Moneycontrol The IVRCL news was particularly disturbing. A consultant working for an National Highways Authority of […]
Mumbai real estate – building approval delays, better or worse for you?
It is a well-known fact that the Maharashtra government tightened the screws on builders since the last 2 years. For many months, fresh proposals for building construction projects did not get cleared as necessary approvals were not coming through. It felt like the builder lobby was finally feeling some heat. Source: Wikipedia It was met […]