In 3-5 years, there are going to be insane default on home loans by those who believe their salary is going to be same to more than their current salary. A rude shocks awaits everyone

The assumption here is all the people have taken and have outstanding loans to buy these properties. Indian RE is a black money sink. Atleast 75% of these properties would include benami, black money and reinvested properties. So a crash is unlikely. Banks politicians, and bureaucrats are the biggest land holders. Crash like what we saw in Japan or US is unlikely.

People cannot afford houses and some can afford 10

RE crash, unlikely. Instead i foresee unemployment at large scale due to some radical development in AI, & consequently people defaulting on their credit at various levels will start the domino effect, which might be much larger than what govt could provide bail outs for

The apartment rates or plot rates too are inflated across country. It came down during COVID but then ZIRP boosted it. It’s a bubble and will burst.

But Very hard to find plot in city