The sector's performance in delivery also saw a decline -- only 23.5 per cent of the committed units were delivered during the first six months of this year, show data from research firm PropEquity.
Like Diwali, Christmas is one of the crucial sale periods for retailers and most of the retailers saw 15-25 per cent like-to-like growth in pre-Diwali sales this year.
In Mumbai, developers like the R K Jatia and Lodha groups have launched or reopened ultra luxury residential projects, complete with limousine and concierge services.
Of the 300 operational malls in the country, just 5-7 per cent, or about 20 malls, are doing well, suggest analysts reports.
In just three years the online real estate portal has managed to raise about Rs 270 crore.
Govt relaxed norms for the floor area ratio and ground coverage for plots.
Raheja has unveiled Krishna Housing Scheme in sector 14 at Sohna and the homes will be priced at Rs 15,00,000-23,00,000.
This announcement will widen the base of investors, especially mid-sized financial institutions.
A few weeks ago, when Road Transport & Highways Minister Nitin Gadkari launched an electronic toll-collection system on the Delhi-Mumbai highway, television channels reported live from toll plazas showing vehicles with radio frequency identification (RFID) tags in dedicated lanes that did not have to stop for paying cash.
Some developers point out that what comes in the way of low-cost housing is the sky-high price of land
Aditya Birla Retail set up seven years earlier, posted a 20% growth in sales over a year earlier for 2013-14.
Need for consent of affected families and social-impact assessment could go.
Though some operators offer the facility of tag lanes, such tags can only be used at designated points.
Discount chain to expand to the east and west, continue with third-party brands.
Will be given choice of govt and privately funded modes to put highway projects that didn't get bids under PPP model.
Gurgaon and Mumbai, the richest cities in Haryana and Maharashtra, respectively, have always been the preferred markets for investors. Most parts of these cities are beyond the reach for those looking for affordable homes.
Reliance Retail follows Future Group in online foray
Although markets such as Mumbai and some places in the national capital region have continued to see a slowdown in the property markets over the last three years, developers were pinning their hope on the festive season.
Taking control of manufacturing will help boost profits for the food business, but it could leave the group saddled with huge debt.
For the June quarter, sales for DLF were down 25 per cent at Rs 1,725 crore (Rs 17.25 billion) over the same quarter a year earlier.
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