Fall in Land Prices by 15%

In Mohali realty prices had risen by 100% in the last six to eight months but at present there’s a 10 - 15% decrease.Prices of Residential propety in prime locations in Chandigarh, such as Sector 8, 9 and 10 that were between Rs 50,000 to Rs 70,000 per square yard, stand at about Rs 45000 to Rs 65,000 per square yard now. And brokers in the city believe that prices will keep dipping by another 15 percent over the next 6 months.

Moreover, the actual users are primarily the IT companies but they are taking their own time to occupy. The investor community is also keeping away which further adds to all this. So it's a wait and watch situation for the real estate market in these areas.

And if common man wants to invest in these areas then it's the great opportunity to invest .............. Don't waste time....... Go and Invest in Chandigarh!!!!!!

Source:www.moneycontrol.com