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 ..
