i dont think the logic of US sub-prime loan mess can be applied directly on the indian scenario. i agree that metro prices are way off their justified prices - but ppl with homeloans in india are not as likely to default as they never had the popular option of 'Refinance when the interest rates go up' as in the US. So we know that we have to hang on somehow. Also stated income loans are not that prevalent in india - you need solid documentation of income.
