India housing bubble and related ETFs/stocks

So India is very much still in the housing bubble,
however, the ETFs and stocks I am looking at have already crashed significantly.

how can this be?
are the ETFs and stocks having already crashed simply "ahead of the game"?


stocks/etfs I am looking at:
HDIL.NS
UNITECH.NS
and
INXX

 

anyone?

 

Dalal Street performance is mutually exclusive from Main Street in India.

 

elaborate please

 

http://www.rediff.com/business/slid...-rise-of-indias-crony-capitalism/20130402.htm

https://en.wikipedia.org/wiki/Quid_pro_quo is the way business investments are conducted in India

HTH

 

You still have me lost, How can real performance be so different then market performance?
--surely they correlate - But that's what has me baffled India's real estate stocks are down a lot while India itself is in a massive bubble - Aren't there Indian stocks/ETFs that accurately represent where the current real value of the real estate market is at?

 

The answer is NO.

 

the market, much of the time, discounts the future. maybe it is predicting the end of the bubble.