Hi Suresh, Did you visit the Palghar? How is the project VBHC Evergreen Ph-2? Would you like to share some information with me as i am planning to book 2BHK of this project? How is the locality of Palghar?
I am telling you why property price will not go beyond the certain limits. Land is a natural resource therefore its scarce. Land price increase much faster compared to property/flat price therefore many people buy land for investment purpose rather buying a property. If Land cost will increase than definitely, it will increase the price of a property. So, don't wait for a huge fall in property price until you might loose a good chance for your property appreciation.
Secondly, you can get a good bargain if you are a good bargainer. Now-a-days builders are offering huge discounts and offers. This is the right time for you to get a good deal. I have seen that the rental values has decrease in some localities of Mumbai, Delhi-NCR and Bangalore.
Hi Suresh, Avoid luxury and bigger property at all costs right now. First home buyers should buy in proximity to family and employment and live on rent in big cities until the developer has reduce the property value. Wait for some time, i think there is a chance of healthy price correction. How long will builders pay the high interest rate. Once they have to come out from their cave. My advice to you "Strike the iron when it is hot".
All fingers of a hand are not equal!!!! Can anybody tell me why???? Likewise, all the developers are not too bad only few. You might read the today's news where India Research and Rating Agency has rated "IND A-" to Lodha Developers for their funded land bank, secured approvals, execution track record, strong cash flow visibility and financial flexibility.