Home users are going to be in for a surprise as State bank of India chairman has come with a positive statement, stating that interest rates may stabilise or head even lower over the next six months as the liquidity in the system is pretty comfortable at the moment. However this may take around six months time frame. Since it comes from the horses mouth; then it makes sense to believe the statement.

However developers have to keep in mind that supply is outstripping the demand and thus one has to make sure that the prices are brought to the realistic level. If they are able to reduce the price by 40%; one can find that the more supply has been met adequately. Presently supply for the projects is five times more than the demand. Thus homeseekers wait and watch for next six months and you're likely to get a good deal. Happy house hunting.
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