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Real Estate Prices Will Only Go Up From Here, Says Sobha
BloombergQuint  |  April 9, 2019

Aishwarya Tendolkar

Sobha Ltd. said it will not cut prices of its properties as the real estate developer looks to recover higher input costs. “We are not reducing the prices, and wherever there’s scope, we would take extra price to recover the increase in the input cost,” the ,” the company’s Vice Chairman and Managing Director JC Sharma told BloombergQuint in an interview.

 

The projects launched in the current fiscal year need to add the Goods and Service Tax in their construction cost and charge as per the revised rates of the tax regime.