Recession might take a toll on the response generated & time taken in selling project at the targeted price points. However, the kind of hit that luxury projects take in times of economic uncertainty is significantly lower when compared to residential projects aimed at other categories. A case in point is DLF which says that despite the current economic slowdown they have received fairly fine response from a sales point of view. "We have been receiving fairly fine response when it comes to our overall luxury project sales/ " says Ananta Raghuvanshi/ Executive Director-Sales & Marketing/ DLF Universal Ltd. DLF has several offerings under magnificence segment. To name a few, the firm has Kings Court in latest Delhi/ Samavana in Kasauli/ Samatara in Shimla/ Bella Greens/ & latest Town in Bengaluru & Riverside in Kochi. "From an investment perspective, magnificence resident is far better than other segments as it will always yield better returns. The demand is at niche level where one decides on quality & amenities & not on cost/ states Sushant Muttreja/ MD/ Cosmic construction.
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