A strong growth story

The Indian property market has soared to giddy heights since 2005 when the country opened its doors to foreign direct investment for the first time. Since then, early birds have already booked significant profits on paper, according to Anshuman Magazine, the chairman and managing director for South Asia of CB Richard Ellis.

Prices have doubled and even tripled in certain prime areas, and while they could climb further in the short term, the percentage rate is bound to slow. "In other places it will remain stable and in some areas where the supply has gone beyond demand it may also come down," said Mr Magazine.

Bangkok Post : Business news