| From Knowledge@Wharton: As credit and finance markets around the world tumbled like ninepins, so did stock markets in India, with the Bombay Stock Exchange Sensitive Index (Sensex) falling 3.35% or 469 points on September 15. The worst affected was the realty index which dropped 7.6% on the same day.
Since then, while stocks prices in India have seen massive swings, shares of real estate firms have remained depressed, falling a total of 20% as of October 1.In addition to housing stocks, home prices are taking a beating. By some estimates, prices have dropped by 25% in certain urban markets..... Full Article: Source
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