Oh..no. Not again. This has been discussed and continued to be discussed. So no need for another thread on this.

Same thing was said 2 years back, when property rates fell by nearly 20-30%. Understood that then the stock market also crashed.

So there is always a chance of things crashing, so I will wait for it. Till then I will enjoy my rental house. :)

It always depends upon the needs of particular party interested in buying the flat.
Currently if u see there is not much signs of recession and a person who is willing to buy a house should buy it now rather than waiting.
But if u are sure recession has started wait till prices drop ..they may drop by 10-20%.Set a target for yourself and buy that time if u are sure of your job :).

I missed a chance to buy in march 2009 where i was getting a flat of 1200sqft in 27 lacs....later a yr when i bought i shelled more than my budget and same house is now out of my reach( even if it depreciates by 15%).

So think how immediate is your requirement...also i will suggest book a house which is ready to possesion or just 3-4 months away from possesion....long projects may get delayed due to many factors and adds costs by another 2-3 lacs..which u pay in near possesion anyway.

+1 Agreed.