In a move that could trigger deep cuts in housing prices across the metros, government-owned construction firm National Building Construction Corporation has decided to offer flats at prices much below the current market prices offered by private developers. The prices are expected to be 30-50% lower than the prevailing prices offered by commercial developers.

More than 40,000 flats will be constructed by NBCC in the national capital region in the next three years. While 50% of the flats will be reserved for government employees, the other half will be available for the general public.

Times of India