Property Prices Must Fall, Raghuram Rajan Tells De...

Property Prices Must Fall, Raghuram Rajan Tells Developers

Reserve Bank Governor Raghuram Rajan has urged real estate developers to lower property prices. He said, “If real estate developers, who are sitting on unsold stocks start bringing down prices, it will be a big help to the sector.” Once the prices stabilise, more people will be willing to buy homes. In addition, he said banks should explore ways to make home loans easier for home buyers.


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