Is it a good time to Invest in Real Estate or in your first Home?

Real estate in India is going through troubled times where most of the major players
are facing a major liquidity issue. This added with the buyers staying away from buying homes have really impacted the demand. Most of the major markets in India have already seen 15-20% correction. So is this the right time for genuine first time buyers who are looking for a home. Well looking at the current scenario it looks like there will be another 10-15% of price correction at least that's what every one thinks including me. So I think people should wait, may be for another 6-8 months before they take this major decision. This is my reason of justification. With too many unsold units in the market the sellers will obviously start getting desperate to sell out even if it means no profit margins and this will force them to further reduce the price. This can trigger a competition among builders to sell their inventory. This scenario can further reduce the price.

So all those buyers, be patient and wait for some more time, and am sure you will get a great deal.