The largest realty developer of India – DLF Ltd has started its processing to sell houses at very reasonable rates at various locations in Bangalore. According to the sources of www.propertykhazana.com the listed housing units at number of locations in South Bangalore is at the range of starting Rs 28 lakhs as compared to that with the Rs 70 lakh plus earlier. It is also been observed that the company is now keeping away from the selling of the residential units and is curving towards the plots to perk up the profit margin ratio. The main reason behind this scene according to some top order of the company is to cut the debt amount of the company.
DLF has already stepped for the plotted development segment from early this year with a big launch of projects at many locations across the country. It includes sale of many opulence apartments in Chennai to big area villas in Shimla along with many upcoming projects to be completed in a very short interval of time. This trend of selling of so called low price dwellings been started by many realtors during the economic crisis a couple of years ago to proportionate their making cost for these apartments. Now the tycoon of realty DLF is under total debt of Rs 21,524 crore by the end of June and is expecting to fill up around Rs 3000 crore at the current financial year if their low price home clicks.
Source: NIMMA BENGALURU
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