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       #Post#: 5--------------------------------------------------
       The Indian Real Estate bubble is about to burst
       By: liveco Date: September 11, 2013, 5:15 am
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       The Indian real estate market market is about to burst. Another
       sign of an incoming economic collapse in Asia's Third biggest
       Economy, India
  HTML http://mecometer.com/country/india/.
       A housing slump in India: Real estate market crumbles as economy
       slows
  HTML http://economictimes.indiatimes.com/markets/real-estate/realty-trends/a-housing-slump-in-india-real-estate-market-crumbles-as-economy-slows/articleshow/22481799.cms
       [quote]The real estate market in cities across India is
       crumbling as the Indian economy slows. The rupee has dropped
       nearly 20 per cent against the dollar since early May, scaring
       away foreign investors. [/quote]
       Ghost complexes or possibly ghost towns are to be seen in the
       near future as Real Estate Contractors go bankrupt and seize
       work.
       [quote]The Orbit Grand, a block-size complex designed to have at
       least 26 floors of elegant apartments, an extensive array of
       ground-floor stores and abundant parking for the chauffeured
       cars of residents and shoppers, was supposed to be a diadem of
       India's real estate market.
       Now it is turning into a symbol of the slumping fortunes of
       property developers and owners in a once-promising emerging
       economy. Construction of the Orbit Grand has almost completely
       stalled at the 10th floor, the tower crane at the site seldom
       moves and the builder has defaulted on its loan. [/quote]
       All these signs once seen with a slowing GDP growth
  HTML http://mecometer.com/whats/india/gdp-growth-rate/,
       higher
       Inflation rates
  HTML http://mecometer.com/whats/india/inflation/
       are simply
       indications of the incoming economic collapse.
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