Since India eased rules on inward investment in the construction industry in early 2005, foreign investors have earmarked an estimated $20 billion for property in the country, sparking a quadrupling in land prices in many areas.
But government figures show only about $2 billion has actually been spent in the last three years.
Funds have complained that Indian developers slapped inflated price tags on themselves, their land, and projects.
More : money.ninemsn.com.au
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