Buy Indian Real Estate Now?

From this source:
“Improvement in the overall economic sentiment coupled with liquidity due to a recent upswing in the equity markets have renewed consumer confidence in real estate,” says Sukhraj Nahar, chairman, Nahar Group. “Residential real estate in particular has always been a safe investment option. It holds true even today,” he adds.
The article is from the Economic Times, an Indian source. But somehow I am not impressed by the article. One minor point that fails to impress me is that even though the article is published in an India newspaper website it illustrates the story with pictures from the US. Maybe I'm being too cynical.

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