"A housing slump in India" Sounds impossible? Not really. In fact I have been amazed at how everyone I talked to about real estate in the last two years believed in the never ending rise of housing prices. Even after pointing out to them that this was exactly what happened prior to the US housing bubble, they had enough reasons to believe that India was different. They talked about how India was different from the US in x,y,z ways. Pointing out that they were using the "decoupled" logic which the stock markets used but failed miserably, couldn't move them.
http://www.nytimes.com/2013/09/11/business/global/a-housing-slump-in-india.html?_r=0
This is the cyclical nature of business. What goes up, needs to come down. There will always be boom and bust cycles.
P.S. The logic behind these posts can be found in
this
post
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