Sunday, November 23, 2008

4 Indian realtors lose Rs1,50,000cr in 8 months: Forbes

Hit by the turmoil in equity and property markets, India's four richest realtors have lost nearly USD 33 billion (over Rs 1,50,000 crore) since March this year, with the richest of them, K P Singh of DLF, alone accounting for about two-thirds of it, Forbes magazine said.

Listing out the losses suffered by richest property owners in Asia in the ongoing turmoil, in a new report Forbes has named DLF's Singh, Unitech's Ramesh Chandra, Chandru Raheja of Mumbai-based Raheja group and Housing Development & Infrastructure Ltd's Rakesh Wadhawan among the eight realty barons from the region. To read more, please, visit - :Forbes - The Times of India

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