News & Views on Indian Real Estate

Tuesday, September 23, 2008

Thanks To Lehman Crisis, Property Prices May Fall

Real estate prices are expected to fall further as the current global financial chaos would force cash starved builders to offer hefty discounts. According to analysts, the crisis, which comes at a time when the property market is facing a slump, could lead to a major price correction in the next one-year. Property prices have already fallen by more than 20% and one can expect more.