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DLF ventures take up again, a sign of stimulation in the Indian realty sector

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After withdrawing the proposed projects and putting some on hold, realty chief DLF is all set to retain the realty ambience in the National Capital Region. It is reported by the source at the www.propertykhazana.com that, DLF is initiating the phase two of ‘Swatantra Bharat Mills’ project in West Delhi, which was termed the expensive land transaction in the NCR.
www.propertykhazana.com learns from sources that phase II is likely to be launched in a short while and the proposed project is planned with 1400 apartments with Rs. 7000 per Sq.ft price tags. In fact, the first phase was fully sold out at an average of Rs. 5000 soon after announcing the venture. Managing Director of the company was unavailable to reveal more details, but when contacted a senior DLF executive said that, the entire crew of DLF is awaiting a success to cheer the industry and also added that, during the boom, each square feet in the locality was sold for Rs. 15,000 and with huge reduction in the prices, company is also targeting he upper and middle class apart from the high-end users, he added. It is also added by the source at www.propertykhazana.com that ‘Swatantra Bharat Mills Phase -1’ in the same locality is priced up to Rs. 9000 per Sq.ft. By this many fellow developers and builders are following the footsteps of DLF and are strong willed to bring up more budget housing projects in and around Delhi.
Mr. Navin Raheja says that developers no other realty venture can be made affordable except the housing complexes and this is the proven approach and requires much focus, he added. For more and latest real estate news browse www.propertykhazana.com.
Source: NBTVLIVE

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