Wiseman, Good analysis and prediction. I completely agree. I am an NRI who owned property in US and sold in the height of bubble 70% profits..now I am waiting to buy in chennai..no hurries though. I also feel it is just the beginning, quite a bit to go. Would be interesting. I saw an apartment in poes garden for 75laks at 3800per sqft in 2004 and I thought it was expensive. Ha! Now it is something like 12000 per sqft. It should come back to ground.
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