BENGALURU : 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