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« Mumbai Forays into Rental Housing | Home | GOVT Considers FDI in Real Estate »

Real Estate India on Recovery Path

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 Developers, Real Estate India | No Comments »

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