Residential property prices in India are predicted to fall by up to 15% in some areas in 2010, despite having regained most of the 25-30% they had fallen by in Delhi & Mumbai since their peak in 2008, according to Jones Lang LaSalle.

Anuj Puri, JLL India chairman, said: “I don’t think there is any scope left to increase housing prices. If it happens demand will be severely affected in these two cities. In other cities, housing prices have gone up by 10 to 15%, but are still lower than at the peak in 2008.”

Purj continued: “Affordable housing will continue to do very well in the coming year.”