Is the end of the biblical drought of capital for real estate in India anywhere near? Close to $25 billion was invested into real estate in the Indian markets in various forms. Real estate developers, no matter where they are, are engineered to be the most optimistic creatures on the planet. That was too much to handle for the real estate community and they quickly killed that goose with greed. Combine that with the propensity to build ever-larger units at a higher price point, and most real estate is unaffordable for the average buyer.

Source: Mint April 09, 2018 13:52 UTC