Realty prices are more likely to fall more in the coming months, based on the recent turmoil in the financial markets,lay-offs in india and the USA, and slower growth and uncertainty prevailing in the country and the Lok Sabha and assembly elections to follow a lot of uncertainty is looming.
The 4th quarter GDP figures will give clues on the indian economy and the economist world over are of the opinion that indian economy is no exception to the global turmoil.
So, I am of the opinion that real estate rates will come down more drastically than we all have witnessed sofar. It is reported that over 50,000 properties are to be auctioned by the bankers. So it's wait time for the retail buyers.
If any one differs with my view, you can reach me by mail on smartrends@gmail.com or on my mobile 9849668996.
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