The real estate market is struggling with low demand, low sales and high inventory, except Bengaluru, and the policy makers are of the opinion that the present scenario must end with the developers reducing the prices and that will be a big help to the sector because there is a sense that the prices have stabilized and there will be more buyers of the property in the market.

The market is experiencing small corrections here and there but by and large remains stagnant and the development must be accelerated by reducing the interest rates, reducing the prices and providing tax benefits.

The RBI may reduce the interest rates further to accelerate the recovery of this sector and put the industry in the FAST MODE, provided the developers REDUCE THE PRICE to the affordable levels.