Now days people have started talking about reality slowdown. Is it true? Yes it is true. There are so many reasons to believe this.

 Let have a look on some of them and take example of high profile cyber city of Gurgaon..With Launch of more than 50 residential sectors only in Guragon, From Dwarka side to Manesar, From Manesar to Badshahpur /Bhondsi and from Bhondsi to Faridabad road, there is no shortage of land and projects.There are so many projects which are launched and to be launched. Gone are the days when in Gurgaon, even prelaunch flats were booked in one night. Earlier brokers used to book flats in bulk and they used to sell them by earning premiums later on and when end user come to know about some projects then he was shocked to know that everything was sold out and all are in resale and he has to pay premium.

Later on many projects have come into picture, and end users started booking themselves but on builders terms and conditions. To create panic in market and sell their property even in soft launches builders started raising prices every month and builders with brokers again tried to increase prices by pumping artificial pressure in the market which market had not sustained. Again some harassed, dejected end users booked without knowing much details of the project because they thought options are very limited with them. Even well known builders collected cheques in such a hurry that end users can not think much and submit their life time hard money to them. Even knowing that these projects can be delayed for long, some end users booked flats.

Earlier people became crazy for property and property reached on peak and become dearer. In today's date in Gurgaon projects are lined up but no takers for them and they have to lower the prices to complete them. There are other reasons for lowering buying power of end users like:-

• Many landlords started giving pressure to increase rent too much or leave the house. In this volatile market this was a big blow to tenants (mainly service mans) who have come to earn in these bigger cities but paying higher rents and even many landlords think rents are less.
• Many started investing in share market  to earn some money but finally lost money in share market. Share market bubble has broken which one had not even thought 6 months back but its reality now.
• Economy is down, Inflation is higher, interest rate are higher.
• IT industry is down, percentage of increment have come to single digit. Other industries are also affected.
• Excess supply of property in lacs of flats/ houses which Investors are holding. For example, They are happy just to know that they have booked this flat just for 15 lacs and in two - three years time period  the cost has reached 50 lacs.
• Brokers used terms like metro rail, highways, commonwealth games , Government servant hike in salary. Now everyone know that Metro is reaching everywhere, highways are to be built so many and everywhere, Government pay commission hike can not do any miracle in such a costlier market. Commonwealth games does not increase any buying power of anyone.
• Builders have reached every city, Flats are available everywhere in every city so everyone has chance to own property even in settlements to be made out by these builders. Man lives on earth from centuries and not from just two- three years back. If you can not buy then builders can not live in all flats/ houses.
• Every one talk about prices to be doubled just in one year. How can this be?? when your income is not increasing. prices of property most probably will not increase in next five years.
• No money is left for property, Investors have already blocked their money. Most of end users have already invested as per their capacity. Now where are end users? Property has eaten a chunk of money which otherwise could have been used in better way in development of industry, development of infrastructure etc means more job, more prosperity in country. Now Where is money left for property? End users need to be created by increasing their buying power or by lowering property prices.

For everything excess, end always come so this has come to property. Enough is enough, now with rising inflation, rising in interest rate, raised rents, lost money in share market and higher prices by builders, no end users/ Investors are left in market.

Now some breakeven point has to come between prices of property and end-user/ Investors, the only option left in today scenario is lowering of property prices between 25 to 50 percent depending on location,  etc which has started.

In further 6 months reality slowdown will be reality. This happened in past also. That's why new booking prices have come down and not increasing. Ready to move property sellers offering their property to sell on lower prices who were just disappeared till two months back. Property was not available for sell earlier but now available but still on higher prices. There are no buyer for them on higher prices. They can not sell on higher prices as Lacs of flats are empty and available in these high profile cities which you have seen with your eyes. Projects after projects have no booking or very less booking .