See, this is exactly why India cannot grow as fast as China. land and property price is already way too high in Indian cities witch will greatly handicap its potential of industrialization and urbanization.
Some say India is 15 years behind China but China around 2000 was already the world factory and the real estate was very cheap(about a quarter of today‘s),witch later on lead to the rapid urbanization.
Time for India to wake up and kiss your Modi magic goodbye, along with your “double digit” blah blah bullshit.