Please read with an unbiased opinion: IT hype and first time buyers (mostly IT pple) have hiked the real estate prices all over India. If you see cities such as Bangalore, Chennai, Hyderabad, Pune, Gurgoan, Noida, Mumbai, Cochin etc has seen a huge price rise. Now with the US dollar dipping the the profits of all IT/ITES companies will go down along with the current salaries of its employees. I am working in a top IT company and can deftly feel the appraisal fears in the industry. The year 2008 will see no appraisals or negative hike. Having bought a property myself i am worried abt paying EMI for the next 20 years. But unlike most IT profs i paid a reasonable price and my situation is managable compared to many collegues of mine who have infact booked 2 flats or more. I would advise pple reading this message to pass on the information to their friends. Real estate in IT cities will go further down in 2008 and stabilize in 2009. If u r looking to buy a house wait till 2009 and get a good bragain. Prices will then remain constant for another 5 years
