Tag: Economic Slowdown

DLF drops mall proposal

PropertywalaDLF has dropped its plans to develop a mall on upmarket Commander-in-Chief Road in Chennai due to the ongoing economic recession. The company has now sought permission to develop the land as a premium residential project. DLF Southern Homes director KK Raman said, “We have completed the design process. We are awaiting approval to announce […]

Ambuja Realty plans to spread

Ambuja Realty will move ahead with the strategy to broaden its horizons into real estate, hospitality, life care and education at the period of economic slowdown. Mr. Harshavardhan Neotia, chairman of Ambuja Realty, said that the company had not deferred any projects. He said, “We are expanding in all business areas”. Since its inception couple […]