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REITs!

What a way to kill competition and capture market share! Now touted as India's largest real estate company, thanks to its hugely oversubscribed IPO, DLF has unleased a price war in the heartland of south, Chennai.

According to CNN-IBN, the realty giant will soon launch a residential project on the Old Mahabalipuram Road at almost half the price quoted by other prominent builders. Read more
Prices will start at Rs 2,700 per square foot against a market price of Rs 3,500. This is as opposed to premium developers such as Purvankaras, The Mantri Group and The Hiranandani Group that have priced their apartments at Rs 4,200 a square foot.
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  1. Anonymous23 August, 2007 14:23

    well, thats amazing... DLF is coming up with a huge venture in Kochi and the apartments there costs more than a crore each. (even basic 2 bedroom ones)

    ReplyDelete
  2. Peak Day Blues24 August, 2007 15:22

    My gosh! Cochin is really becoming expensive these days... I heard flats in Bay Pride mall are selling for 3 crores

    ReplyDelete

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