Some months ago, I had written a post about how all billboards or hoardings in Pune and Bangalore seem to be monopolized by real estate ads.
Driving around in Mumbai yesterday, I noticed some sense of normalcy returning, for I saw advertisements for mobile phones, cars, clothing and chocolates.
I wonder if this is a lead indicator of the fact that real estate companies cannot afford to throw stupid money any more in an attempt to be louder than their competitors.
Is there a correction in real estate prices, long overdue, finally here for the reckoning?
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