Realtors do not see demand going down due to spiralling input costs.
Leading realty player Parsvnath Developers said it sees no reason to offer lower prices for property on the back of an inflationary phase, which can further surge the costs of housing and commercial establishments.
Debunking the perception that real estate sector is in a slump, the company Chairman Pradeep Jain said it has raised the prices of its properties up to 39 per cent in the last six months on account of rising input costs.
Asked if there is any hope for prices to cool down, Jain said, "There is no question of prices going down. Inflation will further push the input costs and we will have no other option, but to pass on this entirely to our end-users."
Click on Full Story for More.
