Is Indian Property Market in Bubble Phase?

With a population of around 1.2 billion people, India is one of the most densely populated countries in the world which is why it is witnessing consistent increase in housing demand. The desire to have a personal roof is very strong among Indians which is being capitalised by growing domestic and international property developers in India.

Over the last decade the property prices in India have shot up through the roof and it's gradually becoming a distant dream for middle class man to have his own home. As per a recent survey it was known that Mumbai is the world's least affordable housing market

So are we into bubble phase as far as residential property market in India is concerned. The following video discusses this aspect with the panel of experts:

1 comment:

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