The property market in India may continue to experience growth in 2008

That is according to Jaideep Singh, head of the India desk at Knight Frank, the independent global residential and commercial property consultancy, who maintained that the Indian economy was currently "quite robust".

He said that people in India now had greater spending power and that the country had seen the emergence of a mortgage system.

Mr Singh commented: "The Indian economy is much better. The middle classes have made some money now so they can spend money.