Thursday, March 20, 2008

Realty Companies Advance Tax Sinks

Corporate India continued to pay higher Advance Tax in the last installment ending March-15th, 2008. However, Real Estate Companies like Unitech, DLF and Emmar MGF have all paid lesser than what they did a year ago.
We were the first one to report here about the fall in realty prices. Lower advance tax number has led to the hammering of Realty Stocks on the stock exchanges. SENSEX has fallen by 30% while Realty Stocks have fallen by more than 50%, including HDIL, DLF and Unitech.

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