I am of the opinion that the realestate prices may not crash as is being widely expected. The reasons are, Prime land is in the hands of biggies.. they r in no hurry to dispose it off. All this land ceiling act ... is only for common man & not for these biggies. Even people with small land / plot holdings are not disposing it off right now for reasons hard to understand. Interest rates are probably at their peak. They r bound to come down globally. Once that happens we can witness renewed interest in realestate. Our economy is growing at a very healthy pace. Given the tendency of industrialists preferring to put up industries in & around metros (for reasons of connectivity & better infrastructure) , a price crash at these places seems unlikely.
If at all there is a correction , it is going to be in the commercial space( malls,IT parks etc.).
