Cracked!

Speculative fever in the real estate market has cooled and MoneyLIFE Realty Index has skidded. Abnormally high prices and rentals, ultra luxury appartments, millions of square feet for malls and IT parks, are suddenly in jeopardy. Where is the real estate market headed? Debashis Basu finds out

Until a few months ago, the only talk at cocktail parties that could rival the chatter about...

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