An Examination Of Two Indian Real Estate Cycles – Ashutosh Limaye, Head – Research & REIS, Jones Lang LaSalle India
India’s real estate sector has witnessed two cycles over the past 15-20 years, during 1994-99 and 2004-09. Both cycles had unique characteristics, yet displayed notable similarities in the manner of their occurrence. A walk through these cycles reflects some of these peculiarities and distinctions, and helps to gauge the changing dynamics of this industry. …