About UsRoark Group is promoted and operated by technocrats who have extensive experience in the Group’s core areas of operations. roark’s team is highly motivated and leverages their international experience, modern technology, operational excellence and quality consciousness to provide market changing, affordable products and services with superior features to all our Customers.
For our Customers who are seeking best value for their money, roark brings together -extensive knowledge of construction methods and techniques, latest technology and cost effectiveness to produce our flag ship product – roark’s Customer First homes which are truly known for innovative and affordable luxury. The signature properties developed by roark stand alone for their quality construction, timely execution, affordable luxury and stunning elevations.
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Happenings / News / Press CoverageReal Estate Collapse in Dubai will Affect Indian HNIs
The leveraged asset purchases of Dubai-based wealthy non-resident Indians in the past few years may begin to haunt them, as the collapse of real estate prices in the emirate prompts calls for additional funds as margins which may force them to sell some Indian assets, experts say. “Indian HNIs (high net worth individuals) made good use of easy credit lines in the past two years,” says Dubai-based JRG International Brokerage CEO PK Sajitkumar. “They even made investments using leveraged money, investing into India-focussed funds, buying freehold property and buying into Indian shares through participatory notes,” he said. “The situation is now so bad that many of these people will have to sell their leveraged assets, may be at a loss, to meet margin calls or retire debt.”
Slide of real estate and other asset prices in the Middle East has begun to accelerate after Dubai World, the government-backed conglomerate, last week sought moratorium on debts of about $59 billion. This has led to lenders seeking additional collateral for assets funded so far. Those unable to deposit more funds with the banks may be forced to sell assets, including Indian stocks, or even think of selling Indian real estate. The fall in Dubai property prices has gained momentum over the past two weeks with rates going back to pre-2006 rates. Read More »
News Published Under: Real Estate India, Non Resident Indian (NRI).
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 | Fact Sheet | | | Nature of Business | : | Service Provider | | Major Markets | : | Indian Subcontinent |
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Contact Details| | Company Name:
| Rorak Enterprises Private Limited | | Contact Person: | Mr. Manager | | Mobile / Cell Phone: | +(91)-9490493904 | | Address: | G1, Sri Nivass Apartments, 6-3-712/138 & 139, Bansilalbagh, Panjagutta., Hyderabad, Andhra Pradesh - 500082 (India) |
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