http://indiainvestmentproperty.com/real-estate-news/mahindra-decides-to-be-slow-on-bengal-sez-project/ Real Estate Investment in India Wed, 12 May 2010 10:01:37 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://indiainvestmentproperty.com/real-estate-news/mahindra-decides-to-be-slow-on-bengal-sez-project/comment-page-1/#comment-551 Vikas Bamotra Tue, 05 Aug 2008 09:25:00 +0000 http://indiainvestmentproperty.com/real-estate-news/mahindra-decides-to-be-slow-on-bengal-sez-project/#comment-551 Developers themselves are not too kicked about the state of affairs. While maintaining that inflation and interest rates have been the key factors, they are not too optimistic about the way forward. Vipin Aggarwal, executive director, Omaxe said, “There is a slowdown and this will continue for at least a year and half. Besides, the real estate sector is itself facing a cash crunch. There are many companies that are focusing on completing the project at hand instead of increasing the size of their land-banks”. Developers themselves are not too kicked about the state of affairs. While maintaining that inflation and interest rates have been the key factors, they are not too optimistic about the way forward. Vipin Aggarwal, executive director, Omaxe said, “There is a slowdown and this will continue for at least a year and half. Besides, the real estate sector is itself facing a cash crunch. There are many companies that are focusing on completing the project at hand instead of increasing the size of their land-banks”.

]]>