Wednesday, 29 August 2012

Real Estate Bubble, India

Sure India's economy is growing at about 6 percent a year, but that's down from more than 8 percent a year or so ago. Welcome to India's real estate bubble slowly bursting. We came across this mirage-like, speculative development way out in the middle of nowhere. You could squint and see the outskirts of Las Vegas.

A lonely tuk tuk passes the development, its welcome sign in full retreat.


The empty entrance and property plot makers. All lined up, but no one to build.

An abandoned brick pile, no longer needed.

8 comments:

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