I do not think that property prices will come down, however they may not go up and may stay whereever they are for a longer period, but property prices going down seems to be unlikely.
I say this because cost of building material is constantly going up and therefore supply of too much houses with too little demand for buying the houses, is not the only factor that drives the prices downward.
and also just one bank's topgun's statement is not considered as a general trend to figure out which way the prices are going to go!!!
with billions of dollars being pumped into real estate sector, not just by indian builders but also by FII, its likely to stay strong and no investor would ever let the prices fall and you will continue to see that builders and banks will comeup with a substantial loans (with long terms), yet cheaper EMI to tempt first time buyers to enter the market, that will continue to generate the demand and keep the prices stable, rather than falling.
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