New Delhi: If you are planning to buy a house, get on it now, for at the moment a house is worth it even at the current high home loan rates.

Experts believe the recent fall of 15 to 20 per cent witnessed in prices across the country is likely to reverse soon. Higher interest rates had led to slower demand mainly due to speculative investors exiting the market.

But with soaring land prices and rising input costs like cement, prices are expected to touch new highs soon.

Says ICICI Bank Home Finance's, Rajiv Sabharwal, "The demand is going to be large. There is a huge demand-supply gap. We are a highly under-penetrated market. Keeping that in mind, if one is able to offer real estate to investors at the right price, the market will continue to grow."

Gathered at the recent HT Real Estate Conclave in the Capital, developers unanimously said they were expecting demand for new houses to overshoot supply.

So how can anyone ever afford their dream house?

Managing Director of real estate developer Unitech, Sanjay Chandra, says that increase supply and better government policies should do the trick.

"If they actually work on policies to increase supply, it will make things more affordable. Now, for instance, one day the Government announces an interest rate hike to rein real estate asset and price inflation and the next day, another regulatory land development authority of the Government has an open option and sells a plot with a reserve price of 40 per cent higher. So I think the main raw material is controlled directly or indirectly the Government," says he.

The industry leaders see the sector growing at a good pace in the next few years, but for many consumers buying their dream house remains just that - a dream.