Encouraged by signs of revival, real estate companies which had suspended their commercial projects earlier this year are in process of redeveloping them due to return in demand.
The firms, which shifted their focus from developing commercial properties to residential sales during the economic downturn, are testing their financial viability to gauge which of the projects can be revived.
Unitech has already started developing many projects which the company had suspended before. DLF, however, plans to launch commercial projects only in selective cities like New Delhi and Hyderabad. Housing Development and Infrastructure Ltd (HDIL), Orbit Corp Ltd, Ozone-Group and Prestige Estates Projects Pvt Ltd too are in the process of building offices and shopping malls.
Contact: Unitech. Tel: 0124-412 5200. E-mail: email@example.com Website: www.unitechgroup.com