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Real Estate India on Recovery Path
| June 26, 2009 |  (Be the first to rate this story!) Loading ... |
DLF, India’s largest real estate company, announced last week that it won’t be selling many of its real estate holdings, which it had put on the block a few months back.
One reason assigned is the availability of credit now to the company. By January 2009, real estate prices in India had fallen down 25-35 % from their peak prices of 2007. However, now the residential land prices have slowly and silently recovered around 20% up from their bottom prices, to a level which is around 10% below their peak of 2007. Since a large amount of land price in India is paid in cash, there would be no official way to confirm this yet.
News Published Under: Real Estate India, Real Estate Developers |
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