Sunday, October 23, 2011

About INDIAN REAL ESTATE - Kalidas View

About INDIAN REAL ESTATE
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http://www.anilselarka.com/confused-mind-clear-answers-2011-index-page/confused-mind-clear-answers-2011-10/

Kalidas Says … Saturday, October 22, 2011
Property is a highly localized subject. I may not know in details about your Pune city. My fear of melt down in property market is more based on economy, income level and interest rates on mortgages.

I am so powerfully convinced about debacle in property market in general especially in big cities, that I would rather wait for 3 or 4 more months to pass before jumping in to buy major locale properties. In big cities, I do expect 30% to 45% correction in next 12 months or so, with trend emerging from late February to May. November is the starting point on the downsi

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