Indian property experts would nod to this troubling question which now has become a mystery for the indecisive lot looking to invest in Indian property. But for most of the investors and end users, this equivocal 'yes' of the experts is not as reassuring as it sounds. Experts feel that residential property prices will most likely stabilize from April onwards with fears of deflation brooding over the Indian economy. They maintain that the continuous drop in the prices of general goods and services in India will very soon bring interest rates down to affordable levels. And seeing the recent downward trend in India property market, experts predict that real estate developers in India will have to resort to considerable price cuts to cope with the slowdown.
It means that the present 15-20% correction in Indian property prices (which started in the ending months of 2008), 2009 would bring new opportunities for real estate investment in India. Realty experts opine that prices of real estate in India will stabilize by March 2009 and would not go high quickly. They also predict that the sale of residential property in India will climb during the first three months of the new year.
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