8216;Home prices at pre-slowdown peaks8217;

Parekh said between September 20088211;when the slowdown hit the markets8211;and October 2009,residential real estate prices dropped by over 25 per cent but have started going up afterwards.

He cited such trends observed in India8217;s most active markets of NOIDA in the NCR,western suburbs of Mumbai and a Bangalore suburb to illustrate,saying the prices have gone up across all of them.

Commercial real estate prices and rents will remain subdued for sometime,he said.

8220;In the next 12-months,over 4-million square feet of office and IT space is going to be made available8230;where will there be takers for so much of space?8221; he asked.

Parekh also said that he 8220;strongly feels8221; for having a real estate regulator in place.

Talking for the common man and the hardships faced,he said,8221;I feel the prices are very high and should go down.8221;