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Goldman cuts India's DLF to 'neutral' on slowing project launches

MUMBAI, Oct 11 (Reuters) - Goldman Sachs downgraded DLF

to 'neutral' from 'buy', saying slower approvals could result in fewer project launches, while cutting its pre-sale estimates for India's largest property developer.

Goldman also removed DLF from its Asia-Pacific buy list and cut its 12-month target price to 224 rupees from 257 rupees.

(Reporting by Abhishek Vishnoi)

((rafael.nam@thomsonreuters.com)(+91-22)(6180-7425)(Reuters

Messaging: rafael.nam.thomsonreuters.com@reuters.net))

Keywords: DLF RESEARCH/GOLDMANSACHS