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« Japanese investors hesitant to invest in Indian realty | Home | Homes in NCR a distant dream for the middle class »

Indian realty situation forces firm to suspend activity

Due to the situation of the global real estate market in general and in India in particular and the global financial situation as its reasons for suspending activity in India, BSR Engineering and Development Ltd. (TASE: BSRE) is suspending its real estate activity in India until further notice. The company notified the TASE that it had cancelled its participation in a NIS 864 million luxury residential project in Bangalore. The move has come when the Indian real estate sector is witnessing a slowdown forcing investors to look for opportunities elsewhere.

News Published Under:   Real Estate India | No Comments »

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