Don't wait for real estate prices to fall further

An Ambit Capital report predicts prices may fall further due to RERA and NCLT. Realty experts say you should buy at current prices rather than wait

The real estate sector has been witnessing a slowdown since 2013. Developers have been focusing on offloading their existing inventory and are hence launching fewer projects. With demand on the decline, land prices have also taken a hit. A recent report from Ambit Capital says that land, and hence apartment, prices may soften further in 2018-20 due to the activities of the real estate regulator and the National Company Law Tribunal (NCLT). For end users, this raises a question: Should they wait for prices to soften even more or should they purchase apartments at the prices and discounts available now?