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StaffCorner

03 Dec, 2012 11:05 PM

Time to grab your dream home! Realty prices may just slip

Time to grab your dream home! Realty prices may just slip Those waiting to buy a dream house and unable to because of soaring price may just get lucky now. Confederation of Real Estate Developers' Association of India (Credai) has asked its members to sell maximum number of housing units by reducing the prices to the extent possible.

"The developer community is willing to consider the suggestions made by the Finance Minister P Chidambaram to unlock the value of the unsold stock. We have asked our members across the country to seriously consider the proposal to sell (the unsold stock) in maximum numbers," Credai national president Lalit Kumar Jain said in a statement.

Earlier the government had pressurised real estate sector to reduce prices. Finance Minister P Chidambaram even had asked banks to lend a helping hand to builders.




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