Real estate shares are under significant selling pressure due to high inflation and interest rates, with notable declines across major companies like DLF and Unitech.
Indiabulls Real Estate shares rise 3% after winning NTC's Bharat Textile Mills bid for Rs. 1505 cr
RBI's move to ease real estate lending has negatively impacted banking stocks, with BSE Bankex and Realty Index falling sharply.
Real estate developers and consultants express disappointment over RBI's credit policy, urging for increased liquidity to boost the struggling property sector.
Lehman Brothers' bankruptcy may cost Indian real estate $1 billion, impacting investments in firms like DLF and Unitech, and exacerbating the credit crisis for Indian developers.
Indian real estate tycoons, including DLF's KP Singh and Unitech's R. Chandra, have experienced significant wealth reduction due to the recent stock market decline.