By reducing the loan amount, buyers would not be able to purchase flats. Demand would Reduce and Hence the Price. Pl. don't throw your hard owned money to hype. If the builders have to do business they would have to reduce prices. They would not be able to hold for a long time becuase even they have borrowed money from the bank's and have to pay interest and principle.
Friends, it is in your hands to bring down prices to a realistic value.