Originally Posted by mindguru

Again the same fallacy ... falling for mean medians. Look for the demand and supply. Our median income would be pathetically bad but our top quintile will be as big as australia's population and they are driving the demand. Mind you I am not a RE bull. (infact right now I am trying to build a strategy to encash on upcoming asset price corrections.)

You guys are smart enough to know that india doubled its real GDP in last 6 years and next double will come sooner than that. This gets absorbed in asset prices. Its just that sometimes valuation overrun the reality and they get corrected. One can see a 5-10% correction in a year from now.