As per recent survey by PricewaterhouseCoopers and Urban Land Institute, in 2010 India ranks first in real estate investment-market in all over Asia. Having undergone GFC's decisive learning-curve, India reshapes its property landscape with returns from Indian metros' rental income which is presently 10.5%.
I think the good days of investment in real estate are just gone since the lending rates have been increased by the RBI. Now we have many flats in the Noida region lying vacant, yet to be bought. The ups and downs of real estate market are just unpredictable!