Economic slump forcing builders to settle for lower valuations
Last year saw some high profile private deals taking place but today stung by a slowdown builders have started giving in to lower valuations and such deals are being lapped up as good bargains, at least at the initial stage. NDTV has learnt that Bangalore-based Puravankara is raising substantial cash for its middle-income housing project arm at a 12-15 per cent discount to its earlier expectations.
