The impact of unsold inventory on real estate

“Offload, offload, offload – get rid of your inventories” – This was the advice last year from Hardeep Singh Puri, the Housing and Urban Affairs Minister, for the Indian real estate developers. This recommendation came close on the heels of a similar statement made by Piyush Goyal, the Minister of Commerce and Industry, as the lockdowns had pushed the realty sector’s recovery from a multiyear slump back to the starting line. Full story

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