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Sterling Pound steals the show in 2021, so far!

Shreya Chaware / Article rating: 5.0

Sterling Pound has been quite on an uptrend since the middle of 2020 despite the grievous hit by Coronavirus to the world economy including United Kingdom. Since March 2020 up till now, British Pound-US Dollar (GBPUSD) has surged by more than 20 per cent. The currency started off 2020 at 1.3259 levels and thereafter, plunged towards 1.1404 levels in March 2020. From thereon, the movement in Pound has been mostly towards the north. It touched the higher levels of 1.4061 levels in February 2021.

Cash flow management plays critical role when crisis hits real estate: Rohit Garodia

Shreya Chaware / Article rating: 3.6

Instances of financial indiscipline are always noticed when real estate developers get over-ambitious and go on a land-buying spree, or take more projects than possible. 

Managing Partner of Pecan Reams, Rohit Garodia believes that cash flow management plays a critical role when a crisis hits real estate.   

Real estate developers encountering a cash flow management crisis is often not unheard of. A fairly common situation, it is often seen to be a fallout of expected market trends of the sale price increase and high-volume unit sales not being realised. Alarm bells are set off when developers face a situation where receipts are lesser than payments that need to be made.  

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