I am planning to buy 3BHK flat in Pune near Talegaon. Rate right now is Rs.1200-1300/sq.foot(it was Rs.600-700/sq.feet last year).But now the act of ULC(Urban Land Ceiling) has been cancelled by Maharashtra government(today only).I hear in news that due to cancellation of this law rates are expected to come down by 20-30%.
Will this law really affect the rates? Or they will continue to rise as that of last year?
What should I do? Should I go ahead to purchase the flat or should I hold my decision & wait for rates to come down?
I am confused, please advice.

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