‘Recession Fears’ Reduce Property Rates

A new fear has begun to make rounds again and some are saying that it is true for sure while others are just holding onto their nerves in denial. Well, the topic is about another possible recession that is likely to hit the Indian market.
 
Considering a situation where it is true which is what seems to be the case, the real estate market has come under the threat of heavy losses. Already the prices are down and frankly speaking, the recovery phase is still continuing after the massive fall in the market due to the earlier global recession. For now, many are holding onto their properties in the hope that situation will improve and then they can do some selling. But if the recession happens then there is no doubt that the prices will go down further.
 
On one hand, the fear of the Telangana chaos has already caused enough damage to the real estate market and if the recession enters then it will be a real long time before it will recover.
 
For now, transactions are happening on a very high end wherein the buyers and sellers are very few. The major part of transaction happens in the middle and higher middle segment but all that have frozen. The industry experts are saying that it is just a speculation and so far, nothing concrete has taken shape. However, many are preparing themselves for any eventuality like before so let us hope the recession fear is just fiction and not reality.