The way forward for Real Estate sector
You can call it Karma strikes back. It is high time the builders pass on the benefits to the consumers. To start with, the prices should be reduced by 70% for 6 months and then by 60% for the next 6 months and so on. This way over a period of 4 years the prices will stabilise and demand will pick up. The salaried consumer even after putting in 20 years service has not earned a crore. This is gross amount without deducting expenses. The prices have to come down drastically for demand to pick up. more