lots and lots of people are gonna loose loads of money in property....becoz people who are gettin 50 lakh now......might not even get 42 lakh for it in some time. becoz they are expecting 55L for it.and if somebdy agrees to give 55L then they quote 60L. brokers say it's a sellers market and u wont get cheaper housing.... when you look around u will see so many flats empty... people owning 3-4 flats...which they have rented.
holding of so many flats and expecting to make a killing of money.....has artificially raise the price so much.
i have been seeing houses bandra to andheri in mumbai..
i have seen the same flats again and again in my 6 mnths search... nobdy is buying the flats...
it shows that rates have peaked and prices have to come down
