Look for deals when buying realty

This is a good time to purchase a property for personal use, but not if you are buying it as an investment.

A wait-and-watch policy is advocated in the latter case as at current levels, real estate prices are quite high across most cities. "The prices are high in most cities and it is better to wait, except for Hyderabad, where we expect a good growth and a potential for appreciation," advises Ashutosh Limaye, head - research at Jones Lang LaSalle, India.

At the same time, those waiting for a major correction in the real estate markets may be disappointed. "We do not foresee a correction. Rather the prices will see a modest appreciation," adds Limaye. Financial advisors believe that property should be purchased only if you plan to stay in that property.

with thanks : DNA : LINK : for detailed news.