Realty slowdown hits AIM
The realty slow down is beginning to show its impact not just in India but also at the London based exchange, the alternate listing market is now feeling the pinch of reduced cash flows from the real estate sector.It is not just Hiranandani that has had poor luck, several Indian real estate players have had similar run. Unitech's SPV is the only one holding onto its price but monthly volumes are on a decline since December.
