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real e'state in india

 
Ranch Hand
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How is real estate buying/selling in india? any reduction in price or still sky touching..

"Diwali is an auspicious time for people to buy property. But this year rising interest rates, unjustifiably high real estate prices, rising inflation, the stock market crash, a slowdown in the economy, salary cuts, lay-offs, the global credit crunch, and a general fear of worse financial times to follow have hurt India's realty sector like never before..."

 
Muse Ran
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read this article, "Home prices may start falling in Jan-March"
 
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