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Of falling property prices and when to buy a house

October 22, 2008

The cold wave in the real estate market has hit cities like Mumbai, Delhi, Kolkata, Bangalore, Chennai, Nagpur, Jaipur, Hyderabad, etc. Unaffordable property rates have led to the moribund property market.

Investors have decided not to buy property having dropped the idea for going in for more investments. With property rates stagnating at high levels, the pain the market has yet to go away totally. Even the market for commercial properties has begun to slide alarmingly.

Image: The living room of a sample flat being built in the Commonwealth Village by the Delhi Development Authority in partnership with private builder Emaar MGF in New Delhi. | Photograph: Manpreet Romana/AFP/Getty Images

Also read: Wall Street bailout: Now, the lawsuits!

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