Residential Real Estate Prices to go down by 5 to 10%

Scarce buyers and people waiting for prices to come down has forced property developers to reduce the prices of houses by 5 to 10%, a move which they feel will bring people out who have wait and watch attitude.
The premium properties that cost over INR 3000/- per square feet will come down by 10% and […]

Puravankara Projects lays off 100+ civil engineers

Completion and near completion of major big projects of Puravankara and lack of market response (due to which no new projects planned) are being quoted as the reasons for laying off over 100+ civil engineers.
Earlier DLF and Omaxe had taken similar steps.
Puravankara which employs over 750 people is going ahead with its "affordable housing" project.
Technorati […]