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Huge Bubble in India Home Prices Ready to Burst

By Ilene
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Courtesy of Mish.

Here are some interesting charts by Deepak Shenoy on the India Housing Bubble.

India HPI

click on any chart for sharper image

India home prices have been going up at a compound annual growth rate (CAGR) of 26% since March of 2009.

Mumbai and Delhi

Shenoy reports Mumbai is growing at a CAGR of 30%, and Dehli is up 47% from a year ago and 250% since March 2009.

Note the transaction volume in Delhi. Transaction volumes and prices are interesting in Bangalore and Chennai as well.

Bangalore and Chennai 

 
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