[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama |
Group.Here I have important INDIA real estate news to share with you which is as
BENGALURU : Union minister of commerce and industry Piyush Goyal came down
heavily on real estate developers on Wednesday, telling them that many continue to
hold on to high-priced inventory despite several reminders.
Goyal said builders have no choice but to construct and sell projects at reduced and
realistic prices, without waiting for the market to improve.
“...You have to complete your projects before you sell because buyers will not buy
under-construction projects. In my life, I wouldn’t buy an under-construction flat from
anybody. Tons and tons of builders have taken customers for a ride. You will have to
complete your projects, bring partners, get investors. But unless you complete your
construction, sell at realistic prices, there is no other choice," Goyal told top developers
in a video conference meeting organized by National Real Estate Development Council
(Naredco), an industry body.
Read more at:https://www.livemint.com/industry/infrastructure/piyush-goyal-tells-builders-to-sell-homes-at-realistic-prices-11591201385509.html
Have a nice day