Residential Real Estate gets cheaper in 2009 as we compare the rates with 2006-2007. Low demand of Residential Real Estate forced Real Estate Developers to reduce the prices of their completed project and current projects too.
This Residential Real Estate price reduction has been observed upto 30% in various major cities in India. Heavy reduction in Residential Real Estate Prices reduced the margin of developers, despite of this reduction in prices buyers are looking forward to have more reduction if possible in near future. Buyers are playing with Wait and Watch policy and expect more reduction on buying the Real Estate property.
With current market scenario developers attract buyers with certain and low cost deals and discounts at the palce of offering more reduction on their available Residential properties.
Source: http://www.100floors.com/propertySearch.php
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