Centrum Broking predicts a 30-35% decline in India's residential property prices, with Mumbai expected to fare better, possibly experiencing a reduction of 20-30% by April 2009.
Indian developers are increasingly hiring foreign architects for their projects, seeking a global perspective and expertise. While this offers advantages, some raise concerns about foreign firms' understanding of Indian business complexities.
Real estate appears resilient to inflation, with experts predicting a price drop of 5-10 percent. It's considered a favorable time for property investment, especially in Tier II and III cities.
Land prices decline across major Indian cities, with drops between 10-50% due to market slowdown and reduced deal volumes.