Developers sell land banks as home sales drop

The festival season has kicked off, but the cheer is clearly missing in the real estate sector, which depends on the October-January period for 60 per cent of annual sales. So, if Tata Housing managing director Brotin Banerjee is talking about the festive season being the “last hope” for developers, Peninsula Land executive vice-chairman Rajeev Piramal says “things will get harder” going forward.

Read Full Story>>