Top realty firms like DLF, Oberoi Realty see sales fall 40-70% in Sept quarter

Posted on Nov 20 2013 - 4:38pm by IBC News

NEW DELHI/MUMBAI: India’s top listed real estate firms have reported a sharp drop in sales in the quarter to September as high prices and continued economic uncertainty kept home buyers away.

Sales fell 40-70% at realty heavy weights such as DLFBSE 0.40 %, Oberoi RealtyBSE 1.15 %, Orbit Corp and Godrej Properties. Heavy discounts offered by developers during the festive season that began in October did push the sales but only a little.

“Mumbai-based real estate companies are seeing acute pai ..


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