Correction or Collapse?

There is an interesting article at LiveMint on Indian Real Estate Correction/Collapse. Hines Interests, a real estate firm is expecting a 50% drop in prices.

"With a tripling of prices in some cities, Hines expects a 50% drop in prices".

One statement in the article sounded weird

“The real estate bubble will not burst in the sense that prices will collapse,” he said. But he expects there will likely be a correction in prices up to 50% noting that, “even that is not a huge reduction considering the fact that prices have doubled and tripled in the last couple of years.”

If 50% correction is not a price collapse what is?? 50% price collapse from 300% is 150%. The last statement in the above quote almost tells that Hines would like a bigger collapse!

Collapse or a correction, whatever you call it I'll take a 50% cut, we will be almost near reality.