Realty bites: Emaar MGF faces heat of slowdown
Submitted by kanu on Tuesday, 25 November 2008No Comment
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The credit crunch has hit the real estate really hard. Indias largest real estate company, DLF said that it was scaling down on projects. Only a day after, on Wednesday, Emaar MGF, which got itself listed this year and would have been among the biggest developers in the country, said the credit freeze is costing it dear.
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