Piyush Goyal tells builders to sell homes at realistic prices

[IndianMascot]

Union minister of commerce and industry came down heavily on real estate developers, and told them that despite several reminders, many continue to hold on to high-priced inventory.

Goyal said that 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 organized by industry body Naredco.

 

[DashMajor]

Despite of his plead builders are ready to fly high before they bite dust.

 

[IndianMascot]

Let them bite. if they don't listen to him, they gonna come on road.

 

[DashMajor]

Then seek for bail out package.

 

[IndianMascot]

Rahuk Gandhi Nyay will bail them out

 

[DashMajor]

Phir toh mil gaya nyay. Scam and corruption will be the story of daily.

 

[IndianMascot]

CG is claiming that they have successfully implemented NYAY and center has seek details about it

 

[DashMajor]

Who authorised NYAY, CG Govt. ?

 

[IndianMascot]

yes.

 

[DashMajor]

Phir toh milke rahega NYAY