India has always been a fascinating country to me and so I have also watched the market for property in India closely over the last years.
The developments in recent years have been amazing. Prices have constantly gone up, construction has increased and many talk of an
Indian property bubble that will eventually burst at some point.
Bangalore and Mumbai are two big growth centers, but further north prices for houses have already started declining at the beginning of the year. Since then the outlook for the real estate market in India has been scaled down a lot. Also the market there feels the effects of the worldwide crisis. I am really excited about how the market will evolve after the crisis has reached its end.