Parsvnath Developers Ltd, the New Delhi-based developer, has postponed its luxury mall-cum-office complex in Connaught Place, the commercial hub of Delhi.

The two cranes stationed at DLF's construction site at Lower Parel, with the name DLF Laing O'Rourke written on them in big bold letters, have hardly moved in the last one month.

According to Canada Mortgage and Housing Corp. the slump in the economy will drive new home construction to a nine-year low in 2009. This prediction comes in stark contrast to what the Crown Corporation was saying in November.

In defense, Bill Clark, senior economist with CMHC, said that it was not possible last quarter to predict the economic decline we are now witnessing its impact on the economy.

Three months back CMHC conjectured that there would be 177,975 new homes built this year. On Thursday the figure was attuned to 160,250 a_" a level not seen since

Karvy Stock Broking Limited has maintained ‘Buy’ rating on DLF stock to achieve a target of Rs 165 within 1-2 days.

According to Karvy, day traders can purchase the stock between Rs 155-157 with a stop loss of Rs 150. If the stock market remains on positive track, the next target for the stock will be above Rs 168.

Shares of the company, on Wednesday (Feb 18), closed at Rs 158.70 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 8796462. Current EPS & P/E ratio stood at 12.67 and 12.77 respectively. The share price has seen a 52-week high of Rs 899 and a low of Rs 124.15 on BSE.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on DLF stock to achieve a target of Rs 175 within 3-4 days.

According to Karvy, day traders can purchase the stock above Rs 155. If the stock market remains on positive track, the next target will be above Rs 180. The stop loss marked for the suggested stock is Rs 142.

Shares of the company, on Wednesday (Feb 11), closed at Rs 150.85 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 5892639. Current EPS & P/E ratio stood at 12.67 and 12.18 respectively. The share price has seen a 52-week high of Rs 899 and a low of Rs 124.15 on BSE.

India's second-biggest reality developer, Unitech Ltd has announced its financial results for the third quarter of current financial year, posting 74 per cent decline in net profit.

The reality giant suffered huge losses due to decline in demand following break out of global financial crisis and tight financial conditions of monetary market.