Support: +91-22-61011756 / help@projectstoday.com
Featured Articles
Featured Articles   -   Project Experts Speak
Friday, 05 Jun 2020
Share this on :

Vijay Khetan Group shares views post remarks on real estate developers by Union Minister of Commerce & Industry, Piyush Goyal

Anuj Khetan
 
 
Anuj Khetan - Director, Vijay Khetan Group on the Union Minister of Commerce & Industry, Piyush Goyal's remarks on real estate developers to reduce prices and sell their inventory rather than wait for the market to bounce back.
 
"Speaking of price correction, the real estate industry has already started considering the same if there are potential buyers. Developers are not turning away customers who are genuinely asking for a fair price. It is not that easy as it seems that the developers will reduce prices and inventory will fly off the shelf. Undoubtedly, the real estate demand is suffering from a systemic failure on many avenues. The industry’s expectation from the Government is to allow REITS and Foreign Institutions to invest in OC ready apartments which will eventually drive housing demand. This in turn will bring the institutional and individual investors back to the table as after a long time investment in residential real estate is making sense financially. This one small change in policy will have a domino effect on the whole industry towards its revival."

 

 
Post Your Comments
 
 
   
 

 

 
  
Projects Explorer App

Data Explorer - Facade Search - ProjectsToday

REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services