DLF is to divest non-core assets, including hotels and plots of land, but not Hilton JV, Delhi Aman.
While the thrust will be on pan-India residential projects, office and retail launches, too, will add up to make for the realtor's project mix of 12 to 16 million sq ft during the coming year.
Does low-cost housing make economic sense? It seems to. Developers believe the loss in margins (20 per cent in affordable housing, against 50-300 per cent in case of premium housing) can be made up somewhat by the sheer volumes of sales.
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RBI on Wednesday surprised the markets by leaving key policy rates unchanged, notwithstanding persistent high inflationary pressure.
Increase in service tax would make properties costlier to buyers.
Real estate biggies unhappy with status quo on RBI rate cut.
Slump in realty market to add to woes, debt of top players likely to rise 15-20% this financial year
The real estate industry today hailed the RBI's decision to cut key interest rate, saying the move will boost housing demand and also improve sentiments in the sluggish property market.
A fourth of the property market is cash-based and this has affected home sales after high value notes were scrapped.
Plan to lay off excess staff, trim salaries of top executives.
Banks are not allowed to lend to developers for purchasing land parcels.
At a time when others are cutting on development of commercial property, plans to add 50% more of IT space.
Of the 300 operational malls in the country, just 5-7 per cent, or about 20 malls, are doing well, suggest analysts reports.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
The new law would boost home buyer confidence as well as investment in the realty sector.
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