Thursday, October 3, 2013

Vat's up

The going has not been good for property developers across the country for some time now. While the continued economic gloom and the high interest rate regime has been impacting their cash flows, restrictions brought in by the Reserve Bank of India (RBI), from time to time, are also crippling their borrowing ability. They have been hit both ways — neither can they sell their existing built-up stocks, nor can they launch new projects to kindle interest in the market................

No comments: