ET - The Minister of State for Housing and Urban Affairs Kaushal Kishore urged the construction and real estate sector
The Minister of State for Housing and Urban Affairs Kaushal Kishore urged the construction and real estate sector not to underquote prices during tenders for housing and affordable housing projects.
The minister emphasized that the industry often engages in this malpractice to secure government contracts for both mega housing and affordable housing projects. However, this practice leads to problems such as incomplete projects and escalating costs towards the end.
