Comments on: Property prices falling in Delhi & NCR

By: Kavita

Kavita — Sun, 02 Nov 2008 15:39:41 +0000

2nd November 2008.
There has been a slow down in the economy and most of the people in industry and government are pressing the panic button when actually this is just a period when corrections are coming into place - whether it be a correction in the realestate prices or agricultural commodities. One should remember that when realestate prices witnessed a 330% hike in Gurgaon nobody made any noise - it was only the people who could not afford felt the pinch - now that the prices are falling its actually not falling but a price correction is being done. with Realtors increasing the prices of property by feigning that there is less supply prices went up and this was an artificial price hike which saw unheard of prices for property. Actual situation has been brought to light now as we hear that there are many projects that have no buyers and the realestate guys are offering attractive freebies …which could infact be the same price as teh flat …Example : A merc being offered as a freebie with the property certainly reveals the desperation of the real estate guys…. similarly prices of everything - including food grains had risen sometime back and now with their prices falling-its actually a correction…no need to despair. we all need to understand one thing that we should be cautious while spending and only buy essential stuff. There is no need to spend on unnecessary stuff just because its attractive and available in th retail stores that have mushroomed all over the country.

By: Kavita

Kavita — Sun, 02 Nov 2008 15:38:02 +0000

2nd November 2008.
There has been a slow down in the economy and most of the people in industry and government are pressing the panic button when actually this is just a period when corrections are coming into place - whether it be a correction in the realestate prices or agricultural commodities. One should remember that when realestate prices witnessed a 330% hike in Gurgaon nobody made any noise - it was only the people who could not afford felt the pinch - now that the prices are falling its actually not falling but a price correction is being done. with Realtors increasing the prices of property by feigning that there is less supply prices went up and this was an artificial price hike which saw unheard of prices for property. Actual situation has been brought to light now as we hear that there are many projects that have no buyers and the realestate guys are offering attractive freebies …which could infact be the same price as teh flat …Example : A merc being offered a a freebie with property certainly reveals the desperation of the real estate guys…. similarly prices of everything - including food grains had risen and now with their prices falling-its actually a correction…no need to despair. we all need to understand one thing that we should be cautious while spending and only buy essential stuff. There is no need to spend on unnecessary stuff just because its attractive and available in th retail stores that have mushroomed all over the country.

By: Kavita

Kavita — Sun, 02 Nov 2008 15:32:58 +0000

By: Kavita

Kavita — Sun, 02 Nov 2008 15:32:08 +0000

2nd November 2008.
There has been a slow down in the economy and most of the eople in industry and government are pressing the panic button when actually this is just a period when corrections are coming into place - whether it be a correction in the realestate prices or agricultural commodities. One should remember that when realestate prices witnessed a 330% hike in Gurgaon nobody made any noise - it was only the people who could not afford felt the pinch - now that the prices are falling its actually not falling but a price correction is being done. with Realtors increasing the prices of property by feigning that there is less supply prices went up and this was artificial price hike which saw unheard of prices for property. Actual situation has been brought to light now as we here there many projects have no buyers and the realestate guys are offering attractive freebies …which could infact be the same price as teh flat …A merc being offered a a freebie with property certainly reveals the desperation of the real estate guys….