AB,

Since you are a trainee, who just started a job at your bank, I don't believe you can 'confidently see' everything. You just have heard people talking about it. Let's not act smart yet, shall we?

In the long term, land price will probably rise, as it is a scarce resource. But we are talking about short term. If I buy a land in Khumaltar for 8 lakh per ana, I know it will eventually reach 10 lakh per ana. What I don't know what that eventual means. Suppose it goes down to 7 lakh next year, and 6 lakh per ana next year and 5 lakh per ana next year. Then it again begins to climb. This happens all the time with stocks and everything else. So, every sane financial expert you talk to will advise to hold until you see the sign of rebound and surge in a market that is experiencing fall. That's why the famous "don't catch the falling knife" proverb.

How many jaggaa dalals have been able to sell their land/house? Not many. We know many are still holding. So, the best strategy is to put your money in the bank, wait until it shows rebounce. Until then, wait, wait, put pressure on jagga dalas. Remember, these jagga dalas have bought most of these lands probably at  2 lakh per ana (the price three years ago) so they can really wait. Meanwhile, put money in the bank and enjoy the interest! That's what I am doing. To me, 12% interest is always good enough and I don't want to screw that by being too greedy and speculating in land market that is falling and seeing no sign of recovering in short term.