Realty major DLF saw nearly 50% cancellations of gross sales in the first nine months of FY17, sparking concerns among investors.
At an investor presentation, DLF said, out of Rs 1,550 crore gross sales booked in the first nine months of the current fiscal, it saw cancellationupgradation of Rs 790 crore, effectively reducing bookings to Rs 760 crore. Of the total cancellations, Rs 390 crore were in the December quarter. In the first quarter, the cancellations were even higher than the new sales.
Read more:ETRealty
