For the last few years India has been something of a hotspot for business and property developers, with economic growth only matched by the massive increase in capacity in China. However, as the global recession continues to march forward there are grave concerns about the impact this is having on the Indian property market. Shares in India's major property development companies have collapsed, the stock market is reeling from a lack of confidence and investors are pulling back from acquiring properties in the belief that they will fall further.
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Indian property sector under serious pressure
