Asking the government to make the first move, the country's largest real estate player DLF today said the government should facilitate housing through legislation to bring down prices.
"The government has to ensure, through regulatory mode and policies, to facilitate a larger supply of housing in the market because it is only then that the prices will come down," DLF Chairman K P Singh told reporters on the sidelines of the India Economic Summit here.
"We have already cut prices and they have come down from what they were before," he said. No direction needs to be given, he added.
Housing prices that were seen as affordable have come down, Singh said, adding "market forces will bring them down further".
When asked if the future launches of housing projects would be at lower rates, Singh said: "My feeling is that they would." The rates will be tied to input prices, which are also coming down, he said, adding "so it will be reflected automatically".
