With entry of extremely big corporations in any sector, it has been an established data in many sectors, that those sectors immediately go into an immediate top and what follows is either extreme competition or extreme consolidation.
IMO, in real estate we are seeing the final years of hyper inflation, real estate bubble will burst in many cities, starting with Bengaluru.
I have first hand reports of many friends unable to get higher prices that what they bought.
Kolte-Patil is a Pune based company and the real estate market there has statistically seen NRIs and IT sector people (Hingewadi and neighbouring areas), buying into it and right now not many NRIs are keen to buy properties.
Either way we will see this picture unravel in the next 2-3 years.