Indian Real Estate Major DLF Predicting No Bubble

Real estate prices are likely to remain stable at current levels, a top official of real estate major DLF Limited said. "I don't see any price bubble in real estate and expect prices to remain steady at current levels," DLF vice-chairman Rajiv Singh told reporters on the sidelines of a press conference in Mumbai.

However, there could be some upward or downward movement depending upon land location, he said. Company officials pointed to the "strength" in the market and maintained that "there is no lull in demand."

DLF's business is heavily dependent on the performance of the real estate sector, particularly in the regions in which it operates. However, given that prices in the NCR region and the metros where its main land bank exists are holding stable, company officials said "there is no cause for worry."