Only thing correct abt this info is that flats are lying vaccant, but the prices have not come down yet. The reality is that the big builders who charge 50 lakhs and above are keeping the flats vacant without selling them, since there are no takers for that high amount. I suggest IT people to wait for some more time before the prices actually fall. This is kind of alluring the IT pple to create a false demand and increase the prices one more time.
