Is India set to witness a housing bubble?

Housing prices in six Indian cities have registered double-digit increases since 2007, similar to the US, Ireland and Spain.

This comes at a time when regulators across the world are beginning to realise there is a link between financial crises and real estate prices.

Considering banks had a big role to play in the sub-prime crisis, regulators are now concerned about spiraling home prices in India too.

Text: Business Standard

Image: Commerce and Industry Minister Anand Sharma seen at the seventh International Real Estate Summit in New Delhi on September 16, 2010.

AFP Images