Property prices poised to slide down further?

BrixBlog Moderator says: A property report by financial services provider Edelweiss expects real estate prices to decline by around 60% over the next five to six years from its peak in the first quarter of 2008. “Property prices in India increased sharply over the past 6-7 years, rising two and a half times over 2001 prices. We expect a price correction of 58% in real terms from the peak,” Edelweiss said in its report.

Market estimates show that property prices have stagnated, as compared to the values prevalent a year ago. And this too, has not stimulated much demand in the market. On the contrary the market has become stagnant. Buying and selling is happening only in desperate cases. Otherwise buyers are holding on to their cash and sellers are holding on to prices.

Does further correction in property prices mean good time for buyers? Or, does it indicate further stagnation in the market.

Please answer in the 'comments' section.

How much does 2-BHK flat cost in Pune?

BrixBlog Moderator says:- User queries are becoming increasingly popular with our surfers. This time we present Manish Jhaveri’s query. He wants to know the estimated budget to buy a 2 BHK flat in Pune. Any suggestions for Manish? Type your suggestions in the ‘comments’ section. Get going here…

Manish Jhaveri’s query: 

I am IT professional. I want to buy a 2 BHK flat in Bibwewadi, Pune. How much would it cost me? What should be my estimated budget? Can anybody guide me?

Vatika Earth Walk concludes successfully

BrixBlog Moderator says: Vatika Earth Walk – held on March 28 – turned out to be a huge success. This eco-walk was organised in Gurgaon, Haryana by property portal Magicbricks.com as a prelude to the Earth Day events.

More than five hundred citizens turned up to participate in the walk from Vatika Towers at Sector 57 to Sector 56 Main Chowk. The Municipal Commissioner of Gurgaon Rajiv Sharma formally inaugurated the event and led the walk. He exhorted the citizens in making Gurgaon a clean and green city.

Did you participate in this walk? Were you a part of any such green initiative on the Earth Day?

Share your experiences in the ‘comments’ section.

Click here for a detailed coverage of the Vatika Earth Walk