IS Property in BOISAR overpriced,Even Properties of Well Known --- housing are vacant ?

Q: ALERT !!! Is India in Property or Real Estate Bubble
See this : Situation of Housing Projects By very big brands & companies
https://www.thehindubusinessline.com/news/national/boisar-where-apartments-are-lying-vacant/article6781518.ece

Are Property Price Over-inflated, Over-Hyped, Artificially high or Over-Priced oe exaggerated ? and it is a part of inflating Bubble which is going to burst ? A Property Price Crash or Collaspe !

As it happened in US in 2008 where prices of Real Estate in some areas almost reached to 1%
https://en.wikipedia.org/wiki/United_States_housing_bubble

As it is Happening now in china where Price of the Real Estate or Housing are falling in Sub-urban Areas ?

https://www.youtube.com/watch?v=XopSDJq6w8E

This are the GHOST TOWN OF CHINA and PROPERTY OR HOUSING BUBBLE

https://www.youtube.com/watch?v=BcyYyyaPz84

Reason there will Be Real Estate or Property Crash in India :

1)Over-Supply of Housing Units & Vacant or unsold Property inventory

This is the situation of hottest property market in Indian city called MUMBAI

https://www.afternoonvoice.com/4-8-lakh-flats-remain-unsold-mumbai.html
https://housing.com/news/52-per-cent-maharera-registered-residential-stock-unsold-mumbai-cushman-wakefield-propstack-report/
https://mumbaimirror.indiatimes.com/mumbai/cover-story/realty-crisis-mumbai-is-witnessing-its-worst-ever-property-market-slump/articleshow/61313018.cms

2) Supply of Property property from GOVERNMENT ORGANISATION SCHEME such as MHADA , CIDCO Delhi authority

Huge Vacant Plots are lying Unsold with this authorities

https://timesofindia.indiatimes.com/city/mumbai/no-takers-for-rs-869-crore-mhada-flats-and-plots/articleshow/65300076.cms

3) Pradhan Mantri Awas Yojana (PMAY) Huge supply of houses for poor under this Scheme

4) Preference : People now prefer To rent Instead of owning house due to employment Old trend of necessary to own house is ending
now its becoming more Feasible to Rent than own

Un-necessary construction of property in far areas where its not necessary , way beyond city limits , Outskirts like for example : Palghar,Boisar,Khopoli(too much over-hyped prices) where Property prices
are too much inflated ( real rates may be only 25%) where there is danger of big losses, prices may crash to almost 90%
See this : Situation of Housing Projects By very big brands & companies
https://www.thehindubusinessline.com/news/national/boisar-where-apartments-are-lying-vacant/article6781518.ece

So is it better to spend money on other investment or spend it for leisure & enjoyment it your choice