DLF slowing down on projects
India’s dominating real estate company DLF has confirmed that they have slowed down their projects as the market conditions are worsening.
The company chairman K. P. Singh confirmed that the demand in the market is low and there are no takers for properties even at reduced prices.
He said: “Demand has gone down so substantially that now lot of projects are being closed down.”
The company has itself slowed down the progress at several of their hotel, housing and commercial projects on lower demand and lack of finances.
No specific details were given out.
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