Real Estate Market Is Caught In A Vicious Cycle, Says Pankaj Kapoor

Real Estate Market Is Caught In A Vicious Cycle, Says Pankaj Kapoor

The real estate market has reached a stage where high costs involved in land, capital and finance have rendered builders unable to sell units at lower prices, according to Pankaj Kapoor, Managing Director of Liases Foras.

“The high cost of capital, high cost of land has increased the selling price so high that it is unattractive. So, the consumer can’t really purchase and the builders are in a fix that the high cost is not letting them sell at a lower price,” he told BloombergQuint in an interview. “Consumer affordability does not match that price.”

[“source=bloombergquint”]