Home Prices will come down in coming months!!!
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It is predicted that there may the 15-20% price reduction in the real estate because of the less demand and the supply is more. The recent statistics shows that all over India there is more than 2lacs houses ready to occupy stage. There is not many buyers willing to buy in coming months. They have to sell all the completed projects soon. Chennai alone more than 21000 flats are vacant and ready to occupy. It will be good new for those who want to buy the new house in coming months!!!
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2 Comments on this post
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Ankush said:
you say abt the “Recent statistics”, but the prices have already started climbing up. I am based in pune and seen the prices which have gonedown to Rs 2300 per sqft in the month of June-july,2009 has climbed upto Rs 3000 per sqft in this month. Can you comment about this sudden surge in prices in last 2-3 months.
November 20th, 2009 at 12:59 am -
krishnas said:
Hello Ankush,
I understand that the prices are already started climbing to the new high. It is because the economy crisis has come to an end. But, what I put here is the completed project is more, there is good chance that the builders may reduce the price to sell the units sooner. It may not be for all the builders. I have read this information from one of trusted magazine. Let’s wait and watch the market.
Thanks,
KrishnaNovember 20th, 2009 at 1:57 am
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