According to Business Standard, In the
past five years, the combined revenues for the sample of companies
nearly doubled to Rs 47.9 lakh crore at the end of FY13 from Rs 22.5
lakh crore in FY08, growing at a compounded annual rate (CAGR) of
16.3 per cent. Their assets during the period grew at a CAGR of 18.6
per cent and expanded by 2.3x to Rs 46.4 lakh crore at the end of
FY13. The surge was largely funded through borrowings, with net debt
(excluding cash & equivalent) growing at a CAGR of 35 per cent
during the period and nearly quadrupling during the period.
The biggest villain in the pack, it
appears, have been construction and infrastructure companies,
followed by real estate developers, telecom and metal & mining
companies. Their revenues failed to keep pace with growth in their
balance sheet and this resulted in low capacity utilisation, poor
profitability and high indebtedness. For example, in the construction
& infra space, every rupee of asset generated Rs 0.5 worth of
revenues, down from Rs 0.9 in 2007-08. Real estate developers were
even worse. They generate only 20 paise of revenue over every Rs 1
worth of assets down from 0.5 in 2007-08. In telecom and metals &
mining, the ratios declined to Rs 0.5 and Rs 0.8 from from Rs 0.6 and
Rs 1.3, respectively in 2007-08.
Source: http://www.business-standard.com/article/companies/infra-and-real-estate-boom-pulling-down-india-inc-114042901313_1.html
Source: http://www.business-standard.com/article/companies/infra-and-real-estate-boom-pulling-down-india-inc-114042901313_1.html
So, the overall prices in real estate market declined
sharply so as to provide an opportunity for common average middle
class families in India, which comprises of majority of population to
invest and acquire the same.
So, for real estate developers and construction industry
SME’s, opportunity to work more has increased. So, various types of
auction tenders related to real estate sector has started floating in
the market which can further be utilized at its best.
Take a look at:
Here you can find more than 400 LIVE Property Sale Auction tenders listed at a single place for your ease of finding
and availing the same in a timely fashion.
Also you can find >8000 tenders information for real
estate tenders at almost any and every location in India
Happy Earning !! Happy Living !! Happy Tendering !!
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