Is it wise to buy property in Delhi?

From Magicbricks Research Moderator - Thank you for the overwhelming response.
Our surfer, VS Bedi, wants to purchase a plot in Lajpat Nagar (Delhi). He is not sure if this is the best time to buy property.

What do you think? Should he invest in property? Or Should he wait for some more time? Will he regret his decision later?

Be his guiding light. Share your views here…

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Query 1 "I want to purchase a 3rd floor property in Delhi, Lajpat Nagar area. Is it wise to buy this property as on today? It has got basement, Ground Floor, First Floor, Second Floor & Third Floor.What could be the difficulties with this property?"
- VS Bedi

Query 2 "Hi,I am M Venkanna Chowdary, working as a software professional in Hyderabad. Asthe apartment prices are in their peak in Hyderabad, we (Group of 10people) decided to go for a group housing where in we purchase a open plotand register it in undivided equal shares and give it to developer for thedevelopment of the Flat.
Request you please give your expert guidance for these following queries.1. What kind of legality things we consider??2.Do we need to pay service tax or VAT for this??3.How can I avail Loan facility??
-Thanks & Rgds,
Manne V Chowdary