have been observing Share market and real estate for last 3 years....And I am very sure property price will fall down by 30 to 40%. The reason is not demand and supply...but rates were fabricated by big investers...In last one year there were very few genuine buyer in the market...so guys just hold for another six to eight month you can buy a dream home at rock bottom price.
Actually, these car gifts and stamp duty relief are promotional offers selected by lucky draw.
Also, propoerty prices will now go down by 50 to 65 percent in metros.
It has already happened in USA.
Real estate analysts believe higher discounts and more sweeteners are the first phase of a correction looming over the property sector.
Said Ambar Maheshwari, director, investment advisory DTZ: "These measures are an admission by developers that their product is not moving. It is a first step before a more visible price correction". demand is "very strong". I hope u understand that "demand" also includes the ability to afford the goods.
