Indian property bubble
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The Origins of Indian Property Market Bubble can be traced to the interest rate reductions made by the NDA Government in the years following 2001. Home Loan Rates fell to multi year lows of 7.5% in early 2004. This prepared the basis for the massive increase in Real Estate Property Prices across India. Low Interest rates triggered huge interest in individuals to borrow to own their own homes and this started increasing demand for quality real estate across India, after 2003.
The Indian Property Market has been sizzling since March 2005, when the current UPA government decided to open FDI in Real Estate. The market has been growing at a dizzying rate of 100%+, what with every NRI who ever laid his hand on the green paper wanting to eat a piece of the pie!
The market is growing rapidly with both established players such as Omaxe, DLF, Parasvnath and new players such as Emgreenlots of builders are fake even FIR has been registered against EMgreen directors and were arrested in chandigarh city. any person want to invest in property must consult M/s RAV INC. and even http://www.propertiesindia.com can help what is being realised small time dealers have become builders and trying to fleece innocent people in name of good returns on investment we have got detailmaking their presence felt.
However many experts feel this is a bubble waiting to burst, and Indian property prices are likely to shed about 20-25% in the next 6-12 months. Some apartments in key Indian Cities such as Mumbai and Delhi are getting as expensive as those in the Advanced Nations.
