Pune Prices are falling..
I live in Pune... I have been seeing prices in Pune falling since last one year.
In India Price fall is very sensitive thing for builders and investors to discus.
When it was said that prices are stagnant , many builders were accepting booking secretly at lower prices if you negotiated.
6 months back when i did survey for commercial property i found that some some projects were available at lower prices.
3 months back a builder accepted that the Residential prices have fallen 20% but commercial prices are stable.
Recently i also saw some new projects being launched at lower then market prices that were not heard in Pune for last 2 years in mainly city limits.
Though many prominent builders/projects are quoting higher prices, i am sure similar properties can be bought atleast 20% cheaper. and due to further increase in interest rates expected... i think many small builders will have almost nil bookings and will need to run around to sell almost at cost to exit projects.
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