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Why real estate firms are staying away from rolling out IPOs
Rediff.com

Why real estate firms are staying away from rolling out IPOs

Property sales have been sluggish and the sector has been facing headwinds. So, firms are in wait-and-watch mode. While 26 companies rolled out Initial Public Offerings (IPOs) of shares in the last one year, real estate firms stayed away. Paranjape Schemes Constructions, which had got nod last year for its Rs 600-crore (Rs 6 billion) IPO, let its one-year approval period lapse. "Property sales have been sluggish and the sector has been facing headwinds. So, firms are in wait-and-watch mode," ... Rediff.com, 1 month ago

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Siasat Daily, 4 months ago
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