Mumbai: Even though the construction business is in trouble, house prices are not falling. Many developers are hoping to get a price of Rs 30,000 to Rs 40,000 per square foot in Mumbai. Bank loan installments will be paid. But prices will not go down. But, that day is now over. Don't be too greedy. Feel free to sell the finished product. Sell homes on a no-profit no-loss basis. Union Minister Nitin Gadkari pierced the ears of builders saying that otherwise they would have to face a bad situation.
Naredco, a national association of builders, held a webinar on Wednesday. Naredco presidents Niranjan Hiranandani and Rajan Bandelkar drew their attention to their various demands. After that, while discussing the crisis in the construction business, Gadkari advised the developers to take up alternative businesses. A large number of works will be undertaken for the development of infrastructure in the country. One and a half thousand railway bridges, two thousand logistics parks and roads will be constructed in the next two years at a cost of about Rs 15 lakh crore. My ministry has planned the money for this. If builders turn to such alternative occupations, their financial dilemma will definitely go away. He also said that the loss in one place would be offset in another.
Don't rely on banks
In the past, after working for Rs. From now on you will get only eight rupees. So reduce costs and learn to do business at a lower profit. Banks are in dire straits and don't rely on them. Like automobiles, set up your own financial institution. He also advised you to give low interest rate loans to home buyers and raise money for projects from it.
The government will buy ready-made houses
The central government is making efforts to build houses for government officials and employees. If developers across the country have ready-made homes, the government will buy them. Gadkari also said that we will not have to build new houses and your houses will be sold.
Naredco, a national association of builders, held a webinar on Wednesday. Naredco presidents Niranjan Hiranandani and Rajan Bandelkar drew their attention to their various demands. After that, while discussing the crisis in the construction business, Gadkari advised the developers to take up alternative businesses. A large number of works will be undertaken for the development of infrastructure in the country. One and a half thousand railway bridges, two thousand logistics parks and roads will be constructed in the next two years at a cost of about Rs 15 lakh crore. My ministry has planned the money for this. If builders turn to such alternative occupations, their financial dilemma will definitely go away. He also said that the loss in one place would be offset in another.
Don't rely on banks
In the past, after working for Rs. From now on you will get only eight rupees. So reduce costs and learn to do business at a lower profit. Banks are in dire straits and don't rely on them. Like automobiles, set up your own financial institution. He also advised you to give low interest rate loans to home buyers and raise money for projects from it.
The government will buy ready-made houses
The central government is making efforts to build houses for government officials and employees. If developers across the country have ready-made homes, the government will buy them. Gadkari also said that we will not have to build new houses and your houses will be sold.
