DLF Drops Bannerghatta Road Project Prices by 25%

In a bold move to win the hearts of Bangaloreans, DLF seeking an entry in Bangalore has gottten aggressive and announced priced cuts of 25% on its upcoming project on Bannerghatta Road, Bangalore.

In October 2008, the DLF Westend Heights new town project was launched for Rs 2,775 / sft. If reports from today's Business Standard are to be believed then the pricing is down to Rs 2,100 / sft ET says the rates are down to Rs 1,850 for a larger apartment [1,900 sft size].

Nitesh, Prestige and Sobha have projects in the vicinity and had priced at a whopping Rs 3,200 / sft to Rs 3,500 / sft just few weeks ago. With DLF dropping the bomb shell on pricing, other developers have no choice but to follow them :-)

Similarly for The Summit Project in Hyderabad, DLF dropped prices

The per sq. ft prices that were to open at Rs4,000 have been slashed to Rs1,850 for a 1,760 sq. ft flat and to Rs2,000 for a 1,185 sq. ft flat in the project. Construction hasn’t yet begun and the project is expected to finish in three years

Congratulations to DLF for kicking off the pricing war :-) Welcome to the Reality.