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DLF now chanting affordable mantra

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As per to the sources saying at the www.propertykhazana.com, DLF is having plans to construct 1.5 Lakhs reasonable residences costing about Rs. 25 Lakhs in main cities in India. As said by the sources, the company is giving final touch to its plan for developing these 1.5 Lakhs residential units in the coming 2-3 years under a new brand and Rs. 25 Lakhs rate is estimated to be inclusive of all charges. DLF competitor Unitech had proclaimed that its entry into the sector is a part of hard work to renew the demand in the segment strike by the effect of the global slowdown.
In a performance to analysts, DLF Management said to www.propertykhazana.com that, “Launching of new value residences sector with a separate brand is still under planning stages,” but did not reveal further information. After experiencing the big debt stress on account of the fiscal crisis, DLF posted a profit of Rs. 450 Crores in Q2 in 2009 even it is 78% less than the last year.
DLF is planning to start the ambitious ‘Value’ home venture from Gurgaon within the coming couples of months, totally one Lakh residences, in that only 10,100 units are likely to rise up in Gurgaon. In order to hit the downturn in the land market, realty developers have started eyeing on reasonable residential sector. DLF’s competitor Unitech had proclaimed that it will construct 25,000 units in the coming 2-3 years worth of Rs. 30 Lakhs under a new brand ‘Uni Homes’. Also Gurgaon and DLF is planning to start its low-priced residences in other main cities where it has a existence comprising Kochi, Bengaluru, Chandigarh, Lucknow, Hyderabad and Chennai. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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