If you can, sell and get some peace of mind ...
Buying a house at any cost is so deeply embedded in our Indian psyche that many people will suffer great hardship for decades so that they can realise "their" dream (actually its other's dreams) of "owning" their house (for a good part of the time actually the bank owns a larger part of the house.
In my opinion, things are only going to get tougher before they become better (and they will become much better later). Selling is your decision alone (so if you sell now at no loss and the price runs away upwards, its your problem alone). Rest assures, with the pain going on in the economy there is no danger of prices running away upwards.
Sell now, gather more financial strength and come back in a couple of years when the dangers of falling price are past and you know that future will only bring you good gains on the house.
Good luck.
cheers
|