Economic Survey 2019-20 suggested that the unsold housing inventories can be cleared, if developers take a ‘hair-cut’ by allowing property prices to drop but it may have negative impact on the developers. Further, unless developers are offered incentives, property prices would continue to be high. In the past few years, […]
Slashing Prices In Real Estate Sector Will Clean Up The Balance Sheet of Banks: Economic Survey
The residential property market is reeling under huge unsold housing stocks because of issues like stalled projects and delayed possession, but inventories can be cleared if real estate developers take a haircut and reduce apartment prices, according to the Economic Survey. The balance sheets of banks and non-banking financial companies […]