Q:The realty markets is facing a horrific slowdown, with sales down desperately and the inventory of unsold flats piling up. Even investors in property are facing the heat.
Latest Answer: True Nikhil,
Last week, RBI Governor Raghuram Rajan told that the industry must bring prices down to attract buyers. If real estate developers will able to bring down prices, it will be a big help to the sector. Once there is a feeling that the prices have stabilised more people will be ready to buy.
But the builders have already sold a significant inventory of those projects. If they cut prices now, they will lose their reputation.
