Financial Soundness of Reality Industry in India:An Investigation

The reality sectors across the global economies were blamed to be the cause which created the bubbles leading to recession in 2008. The impact of downturn across the world economies adversely hits in India also. Logically it is interesting to check the financial performance of reality industry in India during recession. To get more accurate result an extensive study for the past decade was conducted, and the study period was classified in to pre- recession, recession and post-recession phases. Only the performance of organized reality sector studied and companies having a market capitalization of Rs.10 billion or more were considered for the study purpose. The data so collected was mainly processed with Altman's Z score to examine the financial soundness. The result shows that the Indian Reality sector is not much influenced by the global recession and it exhibits a steady performance throughout the study period.