Indian real estate market showed a big plummet in 2012, but mounted significantly in the beginning of 2013. Though, demand remained subdued with low margins of EBIDTA, the market showcased feeble credit metrics to the companies in real estate sectors.
Economic instability was seriously noticed due to apprehensions linked with employees getting trimmed from their jobs and salaries being frozen. The sector adversely affected customer’s outlooks thus illustrating a sign of future plummet in the market. Additionally, unpleasant sentiments pulled the customers back because of rising inflation rate and increasing interest rates on house loans. The diminished affordability of the individuals to buy a home because of immense property price rise was observed all over India. In 2013, with the slump in economy, the real market sector is also moving towards a down-ladder.
DLF Ultima, Anand Group and Adarsh Developers are some of the top real estate developers and marketers in this industry, who have won many awards for successive years. Despite of the real estate market going downwards, these companies continue to perform with complete dedication and perseverance.
Adarsh Developers was honored for Adarsh Palm Retreat in the category of paramount cottages and row houses. DLF Ultima ahead in the field was honored with the Top Residential Space Developer award, Business Leadership award and as the most respectable company. Anand Group not left behind in the race and bagged many awards in 2013. The promising awards are a sign of optimism which was not dwindled by the slump in the real estate sector.
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