Signs of revival in realty sector: New schemes will do well, say experts

Some companies were witnessing a 50 per cent jump in sales as many claimed that the bounce back in sales came in the third quarter

In an investor call with analysts, the country’s largest realty firm, DLF, said the firm would be debt free by 2018-19 — a plan hinged on its massive inventory of Rs 150 billion.

In the last two months of 2017, the firm has been able to make sales of Rs 6.6 billion of its residential properties. “We don’t see an issue in achieving this (paying off debt),” Saurabh Chawla, the firm’s group chief financial officer, said in the call. DLF believes both the commercial and residential segments are witnessing revival.

“Buyers are looking for apartments in the super luxury, luxury and premium