Realty Costs Less

killing Beirut one building at a timeReal estate developers have got a new way of perking up the market. Unitech, DLF, HDIL, BPTP and other big realty giants are offering a 30-40% discount on ongoing projects.

According to analysts such projects will help stimulate demand and bring in the much-needed liquidity in the industry, which is already dealing with unsold stock in projects that were launched in last one year.

In last quarter, DLF has launched a project each in Hyderabad and Bangalore. DLF executive director Mr. Rajeev Talwar said that about 500 units have already been sold in the price range of Rs 1,850-1,890 per square feet.

Transactions are still slow and people are taking a lot longer to decide. Buyers are still uncertain about the delivery capabilities of developers, as the market has seen a number of projects going beyond deadline in recent times.