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11-26-2010, 08:24 AM #1
Fixer Upper
- Join Date
- Nov 2010
- Location
- Warwick, New York
- Posts
- 22
- Blog Entries
- 5
Watch out REITs - the bad news has already landed
Read the headlines today - it is everywhere!!!
Nov 26 (Reuters) - India's main real estate sector index fell nearly 15 percent on Friday, on fears that an ongoing probe into a financial bribery scandal could involve more real estate companies, traders said. At 10:44 a.m. (0514 GMT), the benchmark BSE real estate index .BSEREAL was down 10.6 percent at 2,571.89 points, after having fallen nearly 15 percent earlier.
"There is real worry in the market that more real estate and infrastructure companies could be named in the probe," said K.K. Mital, head of portfolio management services at Globe Capital.Kimberly Starks - realtor
Warwick NY real estate



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