Price Correction? - Indian Real Estate Forum

varun_789 · 17-01-11

When will there be a correction in real estate prices?

As a buyer, I feel totally frustrated by these frequent price rises. Things are beyond control and I do not know who is buying at these levels.

Experts, please suggest whether it is a good idea to buy a piece of land and build a co-operative society ourselves?

- Varun

suhail_zone · 18-01-11

I think you should not base your decision of buying a flat / holding on to that on hopeful market correction. It should be driven by affordability and need. I am not an economist but as an individual I don't see any major/marginal correction in near future. Even if there will be any, it will the time when may not attempt to buy flat(i.e. during recession). So, my advice to you is, determine your budget, fix up the location, go by the market/price trend in that area and grab if you find any suitable property.

compuwalah · 07-08-12

Advice held good for over a period of 3 years. Noone knows the future though.

17-01-11	#1
varun_789 New Member Join Date: Dec 2010 Posts: 18 Likes Received: 0 Likes Given: 0	Price Correction? When will there be a correction in real estate prices? As a buyer, I feel totally frustrated by these frequent price rises. Things are beyond control and I do not know who is buying at these levels. Experts, please suggest whether it is a good idea to buy a piece of land and build a co-operative society ourselves? - Varun

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18-01-11	#2
suhail_zone New Member Join Date: Jan 2011 Posts: 11 Likes Received: 0 Likes Given: 0	I think you should not base your decision of buying a flat / holding on to that on hopeful market correction. It should be driven by affordability and need. I am not an economist but as an individual I don't see any major/marginal correction in near future. Even if there will be any, it will the time when may not attempt to buy flat(i.e. during recession). So, my advice to you is, determine your budget, fix up the location, go by the market/price trend in that area and grab if you find any suitable property.

07-08-12	#3
compuwalah Veteran Member Join Date: Dec 2009 Posts: 1,593 Likes Received: 251 Likes Given: 102 My Mood:	Advice held good for over a period of 3 years. Noone knows the future though.