Property prices coming down?

Magicbricks Moderator says: A recent report by a property consultancy indicates that the property market is witnessing a ‘correction’ and the prices will face 'stagnation'. In simple words, it means that the prices for land and flats are coming down owing to economic factors.

Do you agree with these claims? Do you feel that the property prices will come down any soon? Have you bought a house recently? What has your experience been?

Share your opinion with us. Please send you feedback in the ‘comments’ section.

Calling brokers from Noida. Need 2-bedroom house

Magicbricks Moderator says – A surfer needs a 2-bedroom house for rent in Noida. She wants the accommodation to be somewhere near Sector 19.

We welcome all brokers/landlords to suggest a good flat for this user. Please send in your suggestions in the ‘comments’ section.

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Fortnightly survey - Is your house green? Find your Green Quotient here?

Mumbai flat sells for Rs 1.25 lakh per sq ft!

Magicbricks moderator says - Recently, BJP MP Vinod Khanna bought a residential apartment at Malabar Hill from Citibank for Rs 1.25 lakh per sq ft. Khanna has paid Rs 31.25 crore for the 2,500 sq ft flat. The sale price was four times higher than the reserve price of Rs 32,000 per sq ft.

In a similar transaction nearly six months back, a London-based NRI acquired a 3475 sq ft property in NCPA apartments at Nariman Point for Rs 97,842 per sq ft.

It seems only the rich can think of buying property in Mumbai.
- Is property becoming unaffordable in Mumbai?
- Are there any property options for the middle and lower income groups in Mumbai

Share your opinion with us. Please send you feedback in the ‘comments’ section.