Business Cut prices and sell inventory, don't count on government support, Piyush Goyal tells builders Updated : June 04, 2020 06:41 PM IST Hiranandani pointed out that any talk of price reduction can only happen when the government reduces existing circle rates In April, HDFC Chairman Deepak Parekh had said that real estate prices could correct by as much as 20 percent in the near future. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.