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Real Estate Companies Agreed to Lower Down the Prices 22/11/2008
National Real Estate Development Council, the National organisation of real estate companies has directed its members to reduce the prices of their housing projects up to 15%. Mr. Rohtas Goyal President of the organisation has informed that its member companies Ansal API, Omaxe, Esotake and DLF has agreed to this.
He also informed that the price reduction for ongoing projects will be 15%,for forthcoming projects it will be 5-10% and for the residential projects of 3-20 lac it would be 10-15 %. In this week only the Finance Minister has also asked to reduce the prices in order to increase the sales. Goyal further added that we support him and ready to cooperate.The prices of real Estate projects in the country has already got reduced by 20-40%.
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