Is it the right time to buy a house in India ?

To begin with, property prices have started a downslide, but it is more so for residential properties only. The commercial properties havent yet started on the downward curve except for a few locations in Bangalore and NCR. Regards to housing / residential properties, we have observed in general a 10 to 15% downslide in many markets of Mumbai, NCR, Bangalore, Jaipur, Chandigarh and other tier I cities Tier II cities though havent seen this correction yet.