Finance minister P. Chidambaram had asked the real estate developers to cut down the prices of apartments and houses but property developer DLF refused to scale down its prices. The finance ministry had asked for such a move because of the falling demand but the Chairman of DLF, KP Singh said that since the economy was seeing a slowdown the prices have already been cut in the past one year and now the government should play its role."The government has to ensure through regulatory mode and policy to facilitate larger supply of housing in the market, then the prices will come down," he added. Following a slump in demand the company has deferred some projects and laid off some employees rather than lowering the prices to raise its revenues. .....