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By Homaxe

I'm a real estate developer and here's why we can't cut prices

July 05, 2020

Amidst the #coronavirus crisis, #realestate industry continues to suffer immense losses in the form of foreign investments and #potentialbuyers. To ease out on the pockets of consumers, #government has provided various measures one of which includes #developers to cut down on the prices of #property. However, considering the losses the industry is burdened with, it is not ideal to cut prices on the property to solve the problem of #unsoldinventories. #Builders are already suffering, declined sales in addition with the #GST and other taxes, it is unfair to developers to ask them to suffer more just because losses are a part of #business.