Real estate prices to fall by up to 10%

Q: Hi, i heard that real estate prices are to fall by 10 %.. what is the update guys?

Shailja, Delhi-NCR

28th October 2013

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Replies (4)

If we talk about developers, then promotions by developers, there are good opportunities to buy in the secondary market as several investors who had bought apartments over the last two years are desperate to exit and are willing to offer good discounts.

Kajal, Delhi-NCR

28th October 2013

Comment

I think, this is the window of opportunity to buy at a good price is between now and the next monsoon.

Lohit Raj, Delhi-NCR

28th October 2013

Buyers are hoping that political uncertainty will end with elections next year and with that the economy will also start to look up...

Jamuna sikhri, Delhi-NCR

28th October 2013

The Telengana crisis has pushed the HIS score for Hyderabad to 83, a drop of 30%. The biggest drop, of 38%, is for properties in the Rs 2-5 crore category.

Shivshankar, Delhi-NCR

28th October 2013

The percentage of buyers who expect prices to fall more than 10% has risen to 25% from 14% in the previous quarter.

Sameer Khan, Delhi-NCR

28th October 2013

Comment

A study said that, buyers are willing to wait more than a year before buying a property, something that does not bode well for the industry saddled with unsold units.

Farhan Iqbal, Delhi-NCR

28th October 2013

hmmmmm,end of the June 2013, the cumulative nationwide unsold inventory was 670 million sq ft...

Gautam Das, Delhi-NCR

28th October 2013

Residex, shows that 22 of the 26 cities it tracks have already seen a decline in home prices in the quarter to June and prices are expected to fall further.

Amit Raj, Delhi-NCR

28th October 2013

Some correction in prices is already happening by way of freebies and promotions by developers. Waiver of stamp duty, registration fees, broker or agent's bills, a foreign trip, a sedan, air conditioners, furnishings and modular kitchens worth several lakh rupees are some of the goodies on offer.

Deep Thakur, Delhi-NCR

28th October 2013

Buyers are willing to strike deals if they find good value!! :)

Harilal, Delhi-NCR

28th October 2013

Yep in the market there are a lot of things going on, buyers expect prices to remain at current levels while values lower and greater than 100 suggest that buyers expect prices to fall and rise, respectively.

Syed Pasha, Delhi-NCR

28th October 2013

Comment

The sentiment has worsened since the last quarter, until when buyers were expecting prices to rise.

Huda Ali, Delhi-NCR

28th October 2013

Why do you say like that?? i though lat year was a good year for real estate sectors!!!

Kashif Ahmed, Delhi-NCR

28th October 2013

Home buyers across the country expect real estate prices to fall by up to 10% over the next six months and they are willing to wait for over a year to buy property.....

Himangi deshmukh, Delhi-NCR

28th October 2013

Comment

The Housing Sentiment Index (HSI) has dropped almost 20% over the past quarter across India, except in Bangalore, where sentiment has improved due to the uptick in IT industry. The aggregate HSI dropped to 93 from 117 in the previous quarter.

Iram Khan, Delhi-NCR

28th October 2013