Hi Manish
You have to consider one thing in property that if the location which you are choosing is good then irrelevant of the market conditions your property can always fetch you returns.
Moreover you are ready to invest in property for a horizon of 7 years which by any standard is not a small investment horizon and if you are thinking to wait for another 1-2 years chances are that prices may not go down drastically in noida area bcoz you have to consider the fact that commonwealth are planned for 2010 and noida in anycase being one the best satellite towns can not escape from the real estate fever .
Apart from this reason there are many other factors like formula one racing track ,proximity to delhi,airport,public transportation system is best in noida compared to other satellite towns ,this area offers you the best it job opportunities and due to the debacle in u.s.a it is possible that large nos of indians may come back to india and once they are back then possibly the demand may go up coz they will be the people hvng money and wld like to invest in property as this is still the most preferred investment area,
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