Buyers in Pune have adopted a wait-and-watch policy in an anticipation of a steep fall in prices as builders scramble to prevent a further slide. Statistics with the stamp registration controller’s office suggest that property deals slowed down from August 2008 and despite the Centre’s reduced loan rates package in December, the trend saw no change. As compared to November, there was a small fall in property registrations in December, when rates were brought down to 8.5% for home loans for residences costing up to Rs 5 lakh.

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