Stay away from buying Realty

I would like to tell everybody reading this blog to stay away from buying any real estate at least for the next three years. After reading Sabeer Bhatia building nanocity, I am convinced there is no juice left in IT and everybody is running behind real estate. Read this India's real estate boom coming to an end. These are the last buyers of real estate boom in India. Property prices corrected by 70% between 1996 and 2001. Will it correct by that much amount between 2007 and 2012?