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Article: India : Builders revive stalled commercial projects on early signs of recovery.

Article from:
TendersInfo
Article date:
November 3, 2009
Copyright

Byline: shiv03

Realty firms, encouraged by early signs of a revival in the market, are dusting off shelved or deferred projects and testing their financial viability to gauge which of these can be resurrected.

A commercial complex under construction at DLF Cybercity, Gurgaon. Developers who had shifted focus from commercial projects to residential sales during the slowdown are restarting them. Rajkumar / Mint DLF Ltd and Unitech Ltd, India s top two developers by market value, which had suspended most of their commercial projects earlier this year, said they are in the process of redeveloping them because of a return in demand.

Unitech, which is ...

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