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Bring down property prices, RBI Governor tells realtors - NDTv

Fri, Aug 21, 2015, 06:59 AM
Reserve Bank Governor Raghuram Rajan on Thursday asked real estate developers to reduce the property prices given the high inventory of unsold flats across the country. "If real estate developers, who are sitting on unsold stocks, start bringing down prices, that will be a big help to the sector because once there is a sense that the prices have stabilised more people will be willing to buy," Rajan said.
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