The Punjab Cabinet has greenlit amendments to slash reserve prices on prime government properties in Ludhiana, totaling Rs 8,000 crore. These assets, like Power Department sites and key lands, didn't draw bidders before due to inflated rates, as noted by Finance Minister Harpal Cheema.
Credai Orissa to reduce housing project prices by 5-10% in 2 months due to falling raw material prices.
Leading real estate developers in Mumbai unanimously agreed to reduce home prices by 10-12% during a recent meeting at the Grand Hyatt Hotel.