Date:19/11/2008 URL: http://www.thehindu.com/2008/11/19/stories/2008111956931600.htm

Business

DLF freezes projects

NEW DELHI: Faced with declining demand and rising interest costs, real estate giant DLF on Tuesday announced that it had been forced to lay off employees, put a number of hotel and housing projects on hold at the same time seeking 7 per cent rate for housing loans.