A sign of widely anticipated price correction in NCR?

We have had discussions previously as to how good a decision it is to enter into buying a residential property at this point.
We have been suggesting from the beginning that builder credentials and locations have to be paramount for an investor looking at short term gains. For an end user, no time is a bad time.

While a lot of back end transactions are happening at sub-industry standard rates, the builders and promoters have been least forthcoming in suggesting such a saturation in the industry.
However, inline with this general perception, couple of months back, Supertech had come up with a 1-pe-1 free offer.
Now, an Amrapali advertisement in newspaper this weekend suggests how the prices have remained stagnant for a significant period of time.

dropprices

Having said that, relatively good builders like ATS, Purvanchal, Gulshan have still managed a reasonably good and consistent prices clearly indicating that a builder with good credentials will continue to reap benefits irrespective of the market scenario otherwise.

What do you feel? Is it just the beginning or a mere passing shower? Do share your views.

Comments/Feedback invited.

Last updated: March 23, 2015 at 18:01 pm

3 thoughts on “A sign of widely anticipated price correction in NCR?

  • March 23, 2015 at 6:56 pm
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    I would love to see this become a long lasting trends so the unscruplous builders(99% of total builders) are taugh the lesson in ethics,customer service by the market. It is too long that they have cheated customers in one way or the other

    Reply
    • March 24, 2015 at 11:18 am
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      Agree with you sir.

      Reply
  • March 24, 2015 at 10:36 am
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    hi someone had booked in GC14(L Tower). so there is any land issue?
    and tell me the price and discount?
    plz reply me soon because ur valuable reply helpful for me…

    Reply

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