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Economists expect India's economy to grow about 7 per cent in 2008/09, slowing from 9 per cent in t
Tuesday, November 25, 2008 ibnlive.in.com
(
Business
)
DLF Ltd, India's top listed realty firm, has deferred some projects due to a slump in demand and liquidity crunch, warning slowing construction activity could affect other sectors. DLF's chairman said developers could accelerate layoffs and some could even shut down as the market contracts drastically after a boom in the past three years when land prices quadrupled in many parts of the country.
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