The good news is that once the shakeout happens and black money is drawn out of the system, right-priced homes will be built for those who want to live in them.
With unsteady voice, Surinder Pal Bhatia, 74, vented his absolute hopelessness on the NDTV Property Show: "Help me please to accomplish the last desire of my life - to breathe (my) last in my own house, with my ailing wife, before death, who is also bed-ridden."
Will apartment and property prices go up, stay stable, or fall in 2016? I am hit by this question regularly and increasingly as we approach a New Year. Through 2015, property developers and investors sitting on plenty of real estate have been hoping feverishly for sales and prices to recover.