Things have started to look up real estate developers who for the last few months were reeling under the double whammy of poor buyer demand and low availability of funds.

In a month’s time, three major developers including DLF, Unitech and Indiabulls Real Estate have raised money through the financial market indicating the beginning of a revival of investor confidence. They are using the money to restructure business, cut debt and expand projects.

'Availability of credit, for both developers and buyers, and an improvement in demand are essential for a complete recovery,' Anshuman Magazine, managing director, South Asia, at real estate consulting firm CB Richard Ellis.

Hindustan Times