Latest Answer: This may be one of the reason considering that the compatible product market is not restricted to the plots intended for amenities in the residential colonies.
Q:Credai has filed complaint with fair trade regulator CCI against cement manufacturers complaining manipulation in prices of construction material that have risen by up to 40% in last 2 months.
Latest Answer: In that way the cost of the flat increases. If the builders will get the cement or other construction materials at higher prices, they will increase the flat cost and common people have to suffer. We all know that the realty sector accounts for nearly half of the cement demand in the country. And the demand for cement has declined in view of huge slowdown in real estate sector.
Latest Answer: True Spratim,
True Nikhil,
Now, i understand that why DLF adopt DevCo. The company had a net debt of Rs 20965 crore as on March 31, 2015 of which about Rs 14000 crore refered to rental business and the rest was towards DevCo.
Latest Answer: According to sources, the fair trade watchdog has completed personal hearings of companies in the realty sector with look on to claimed cartelization and anti-competitive trade practices.