Why Developers Are Resisting Piyush Goyal’s Call To Drop Home Prices
Tower cranes operate at an Indiabulls Real Estate Ltd. commercial building construction site in the Lower Parel area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Why Developers Are Resisting Piyush Goyal’s Call To Drop Home Prices

After Piyush Goyal’s advice to sell inventory at lower prices rather than going bankrupt, developers cited high ready-reckoner rates, or the minimum price to calculate taxes, for their inability to...
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