Indian property bubble
The Indian real estate sector is collapsing due to increasing costs of financing. Real estate projects in India take a long time to complete due to a complicated regulatory mechanism. Several of India's publicly traded real estate firms are in debt. The inventory of unsold real estate assets is growing and it is expected the market will undergo price corrections. According to the Mumbai-based market research agency, Liases Foras, 30% of the transactions in the real estate sector are done with black money. Experts expect new property prices to fall up to 50% in the next three months in Tier 1 cities.