The real estate major had decided to outsource the construction jobs to third parties for expediting the deliveries of its projects across the country.
DLF Ltd, the country's largest real estate firm, today said it has no unsold inventories despite slowdown in the property market as the company mostly sells flats before the start of construction of projects.
Despite increase in inputs costs, labour availability and the huge underlying demand for real estate as an asset class, DLF‘s Ashok Tyagi does not foresee a significant correction in prices as a lot of pundits keep on forecasting.
The Crest is an important high margin project for DLF. It has already sold 250 apartments and DLF in the past has said The Crest will play a vital role in debt reduction.