Ravi Karandeekar's Pune Real Estate Market News Blog: Real estate sector to see consolidation soon-Realty Trends-Real Estate-Markets-The Economic Times

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Monday, June 25, 2007

Real estate sector to see consolidation soon-Realty Trends-Real Estate-Markets-The Economic Times

NEW DELHI: After mergers in the Indian sky, it is now time for consolidation in real estate sector which is feeling constrained by rising interest rates and falling inflow of funds, industry experts feel.
"For big developers there is no impact of rising interest rate but small players are finding it difficult to raise money for their proposed projects. They would need to sell their projects to big developers," said, Ansal API Vice-President (Marketing) Kunal Banerjee.
Distress sale of projects is already happening, he said, adding the industry would witness more of it in days to come. .........Real estate sector to see consolidation soon-Realty Trends-Real Estate-Markets-The Economic Times