i have seen many folks here comment that property rates will be down by Diwali, or down in another 6-12 months etc...
I have been looking around last 2 months and have never seen any builder in Pune bringing down the rates, instead its increased by 5-10% in certain projects especially in the western part of Pune. I am looking for ready posession, or projects which can handover homes before March '10.
Is there any specific news someone is certain which can be a trigger to bring the rates down? local elections? Budget - July 09? is bottom still not reached in US/UK/western economies, and are we expecting more bad news which can affect jobs in Pune?
just wanted to know what makes buyers optimistic to wait for a RE downside?