Indiabulls Real Estate stock price jumped during the trading session as the company is planning a share buy-back. As the stock prices have been trading quite low, the time is ripe to buy back stake from the market.
The company board is meeting on 15 December and investors are expected to generate good returns if the company goes ahead with the decision.
San Francisco Chronicle report says that recovery in Real estate sector in United States would be slow. As the economic situation is still not very strong, the real estate investors in US should keep their expectations lower.
Media reports suggest that a real estate agent has been slapped with biggest fine in New Zealand. He has been found guilty of misleading a buyer.
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Submitted by admin on Tue, 12/13/2011 - 17:00.