Beset by falling sales, delivery delays and whittled liquidity this year, realtors are readying to launch a slew of projects in the festive season starting October, hoping that sentiment would turn buoyant and boost demand for homes.
Despite low sentiments, we are hoping that people will be in a mood to buy, said Pujit Agarwal, managing director of Mumbai-based Orbit Corp Ltd. Developers have been trying hard to offload existing stock in the past few months, postponing all launches till Diwali.
Orbit is gearing up for an October launch of a gated beachfront property in Alibaug, a holiday destination on the coast close to Mumbai. The luxury project, which has US-based Turner Construction Co. as consultant, will cost between Rs2.5 crore and Rs20 crore for a villa.
More : livemint.com
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