Yes, the Indian Property Market is really Overheated !!!
I live in chennai & I'm looking for an apartment for around 20 lacs since 6 months but the prices had increased 3-4 folds which is unjustifiable.
I was in Hyderabad & Bangalore for more than a year its is Justifiable, that the infra has been developing in these cities...But in Chennai where is the Infra going on.. there is no infra being developed...
Just take the case of the IT corridor road project started in 2002 still its going on...
That too Indian realty is completely depending on the IT Industry...
Where is the IT in India going on ...India is no more a choice of US co's to outsource..our neighbor china is the choice now a days...
Just increase in the prices 2-3 folds without any valid reasons is unjustifiable...
Also there should be a divide among the Prices for the commercial & residential projects.
Hope in the Parliament winter session they are going to pass a realty bill to have a price check on realty
