More problems for realty companies?

" The subprime crisis in the US made its impact felt in India too as economic growth slowed and stock markets plunged. In that mayhem, stocks of realty companies were among the worst hit as many of them were trading at price levels that had run way ahead of fundamentals. What is more, the slowdown meant that demand for residential homes slowed down which had an adverse impact on the fortunes of the real estate industry. "