Page 14 - Real Estate Developers

Launches in realty plunge 45% in top nine metros in Q2: PropTiger report

Overall, all top metros, except for Gurugram, witnessed a fall in number of unit launches

Unsold inventory for top real estate developers scales new high in FY19

Rises to 30 months worth of revenue, up from 24 months a year ago

NBFI funding squeeze to affect property developers the most: Fitch Ratings

Substantial bank recapitalisation to increase lending capacity could benefit NBFIs as well as real estate developers

Number of real estate developers in top 9 cities halved after note ban

Demonetisation, RERA and GST have helped consolidation in the sector

Desperate marketing

Real estate developers in Mumbai are a desperate lot, with customers shying away from new investments citing high prices. This is leading developers to try every trick in the book to woo consumers. But here's one developer which took the proverbial cake: It sent out a text message to prospective customers saying company executives would pick up and drop them from their homes for a site visit at a distant suburb, with a lunch thrown in between. As they say, desperate times call for desperate measures.