INDIA should depend it's own economy, nowadays these software companies are mostly depends USA economy, so it reflects in INDIA too. There is many INDIANS migrated to USA in 1998, these guys are now earned a handsome money there. those are now investing in INDIA's real estate and stock markets through their relatives. This is the main reason for price rise in Real estate and Stock market.
As per my idea stock market should reach 9000 pts in next 3 months and Real estate will fall to 1/10 of now. Because so many people bought house with high cost, everyone expecting high rent but the ordinary INDIAN'S can't afford those high rent so automatically everything will down.