Home buyers in no hurry, expect real estate prices to fall by up to 10%

Home buyers across the country expect real estate prices to fall by up to 10% over the next six months and they are willing to wait for over a year to buy property, a study by IIMBangalore and MagicBricks has found, signalling that festive season offers by developers have failed to attract buyers. The Housing Sentiment Index (HSI) has dropped almost 20% over the past quarter across India, except in Bangalore, where sentiment has improved due to the uptick in IT industry. The aggregate HSI dropped to 93 from 117 in the previous quarter. 

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