REALTY

RBI move likely to pep up realtors’ bottomline

Kakoly Chatterjee
Posted: Monday, Nov 03, 2008 at 0002 hrs IST
Updated: Monday, Nov 03, 2008 at 0002 hrs IST

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Realty firms on hiring spree again DLF profit crumbles 77%Realty demand up 15% in Q2 ‘Property rates to fall 25% in 12-15 months’

New Delhi, Nov 2: attract consumers. A much better way of attracting consumers will be to reduce the price of the houses right away.”

Agarwal expects a 15% correction in the housing sector and 20% to 30% correction in the commercial and retail segment. “Prudent measures are required to tide over these unusual times,” sums up Agarwal. Analysts also expect a lot of consolidation in the sector. They expect more joint ventures and absorption happening in this sector. Realty firms getting dissolved is also not being ruled out. ...

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