1.) Infosys missed first time its own guidance in last 5 yrs and gave warning signals.
2.) TCS gave lacklusture results.
3.) Small companies like Hexaware show decline in profits.
4.) Phillipenes because of good US accent is going exponentially fast in BPO industry.
5.) Rupee is targetting 36 per Dollar in future.

All these factors are are coming into play and still Real-estate story is being driven on news, news and only news without any regard to genuine buyer fundamentals.

    * Formula 1/Intl airport in Greater Noida.
    * Gurgaon rentals up by 20%.
    * So many IT parks coming even if there won't be any takers.

India is globally recognized by IT biggies and because of these companies outperformance, Indian professionals got good increments year after year. Now that cycle has already its peak few months back and true time has come in this month after TCS/Infy results when all real estate builders/developers will see, an utter crash in the offing..
IT is a Brand for these builders and that has developed too much greed in these ppls. Greed will soon replace Fear and this fear should have atleast 2-3 years to play and this will teach them a strong historical lesson.

I will give u a simple example of an IT professional who is earning 10Lac per year (total exp = atleast 5 yrs).

2.5L gone to Govt as tax. Bal = 7.5L

2.5L gone to various lifestyle/household/rent expenses. Bal  = 5L

Click on "Full Story" for more...

Investements = 70K (atleast). Total Savings = 4.3L (per year).

Now with this 4.3L year after year, he will aspire to buy Car/House/Laptop/Touring and Bank balance Savings blah blah.
I have friends working in TCS/Infy and posted in US for last 3-4 years and even after working there for 3-4 years, they are still not able to purchase 30-40L flat in India.. They couldn't save that much amount even.

These builders don't know reality and they are still speculating on NEWS irrespective of genuine buyers fundamentals..

Greater Noida mkts run on PURE news even tough they are hardly any buyers.. Gurgaon is hub of call centers and ask any call center employee.. As per above example, his experience should be replaced by 7 years and Savings should be replaced by 2.3L as his lifestyle is much more lavish than simple IT professional..

Politicans/Big builders have huge land bank in NCR, metros and blore/hyd/pune etc. They will never let price go down at any cost. IT companies won't be able give so much rental every month to fill their packets. Even land prices have gone up so much and these crooked guys have created so much artificial demand that even if these companies need land to expand, then they have to pay high price. All in all, IT industry is already concentrating in low cost destinations skipping these metros..

Builders/politicians because of their insatiable greed is killing IT industry slowly and even employees of that industry have no choice  left to stay away from this speculation. Its not possible for any IT employee to buy even 40L flat and whosoever has bought till now, its either 2BR flat or they bought at rock bottom prices. Int rates won't help (even at 8%) unless the price come down too much.

It would be better for builders not to do business becaz of only speculative news (that will never help NOW) and look on the other side of grass. Real estate crash is in the offing and even if int rates will cool down in next 1-2 yrs, the upmove in housing mkt is finished.

In the end, whole real estate story is already over.