Layoffs, salary cuts: Realtors on cost-cutting spree to save cash

They are looking at cutting down on everything - from salaries and marketing expenses to the number of jobs in their companies

Who is doing what 

* Wadhwa Group is looking to slash excess staff by 10-15% and rethink top salaries 

* Another Mumbai developer plans to keep a percentage of those earning above Rs 1 lakh in an escrow account

* Runwal Group is not buying new land

* Nitesh Estates to reduce input costs by 10-15%