Oversupply – fact and fictionOver the last few months, many research and media reports have spoken of excessive real estate supply and slowing demand across many Indian cities. In such an environment, developers roll out discounts and extras that are not part of the normal offers. Despite sporadic incidents of such offers in some cities and locations, the trend is by no means a common one; it is limited to developers who are struggling to attract demand. However, market pundits continue to predict that it will catch up across the board very soon.
This has created an expectation that first few months of 2014 will see a correction in property prices from developers across markets and projects. The obvious question that comes to the mind of hesitant property buyers is whether they should hold their purchase decisions in abeyance in order to benefit from a price correction, or make the best out of the current offers and discounts.
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