Realty prices to fall by 20%

HDFC chairman Deepak Parekh on Monday said that he expected property prices to come down by 20 per cent in the next six months even as there is an upward pressure on interest rates.

"The

prices have peaked and they have to come down. I expect they will come down by at least 20 per cent in the next six months," he said on the sidelines of a press conference of Indian Merchants Chamber.