[hiram112]

I'd be interested in knowing if all housing prices in India are going up or just for certain demographics. For example, I'd assume that there is a large burgeoning middle class based on tech / offshoring in places like Bangalore, Hyderabad, etc. And also, there are probably a lot of newly minted millionaires that are involved in politics, finance, etc. - a lot of investment money has gone to India in the last 20 years.

But are the rents even increasing for the majority poor that live in the very cramped areas surrounding most cities? How about the rural population?

I ask because, while it makes sense that places like London, SF, and Vancouver would have huge property price increases due to increases in demand (foreign wealth, start-up success, etc.) it seems very disturbing that more and more areas where wages have simply not risen at all for decades are also going through prices increases.

For example, the rents in the Midwest city I come from have gone up about 50% in the last 7 or 8 years, though housing itself has not. Wages have actually gone down, adjusted for inflation.

[bahularora]

As far as I know real-estate prices in almost all of the cities are going up, even after adjusting inflation. Rents are low because of really high supply. Wages have gone down post inflation. Most people attribute the ever increasing prices of real-estate to illegal money/back economy, there are estimates that 23%-26% of Indian economy is unreported/black.