You may find Good amount of fall. I am also a IT Eng. Becos of our poor Tax valuation we tend to go for a house. So that we can save some tax. The amount that is again enjoyed by big Politicain/Developer etc. This time I think there is a talk going on to increase the Tax bracket, below 500000 Lks it is 20% only. If this implemented then a good amount of Home Loan taker will again reduce. So now its the time for the FAKE booming of the real estate in India to come down.
As you know US/UK housing also coming Down, So India is no far. If US get Cold India will Sneez.
No more Good days for DLF/Purva/Mantri... They have looted Common peolple anough.
:p