Rich developers make profit out of slump realty market
With so much happening in real estate, some developers look for an opportunity to make it big in the market.
Due to heavy debts, many developers are selling off their pet projects.
The rich developers grab this opportunity by getting a good deal out of it.
Developers like Sunteck Realty, Ajay Piramal Group, Peninsula Land, Wadhwa Group and Oberoi Realty are a few in the list who has taken this chance and DLF and HDIL are developers selling their assets.
In today’s market, buyers are those who are capable of buying or has cash or can arrange it quickly.
As per experts, Oberoi Realty and Peninsula Land remained silent during 2005-08 property boom while DLF and HDIL made a quiet of buying, thus piled up with huge debts.
Source: Business Standard
2005-08 property boom, Ajay Piramal Group, Cash rich developers, Debts, Developers, DLF, HDIL, Mumbai, Oberoi Realty, Peninsula Land, Projects, Projects in Mumbai, Property, Property boom, Real estate in Mumbai, Realty market, Realty News, rich developers, Slump realty market, Sunteck Realty, Wadhwa Group
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