| Year 2005 brought an unexpected success for the | | | | US$14 billion. This growth is not unexpected given the |
| real estate industry in India. Prices sky-rocketed in | | | | professionalism in government policies, new favorable |
| multiples of last year prices. The boom maintained its | | | | demographics, better financing products and increased |
| pace in year 2006 and doing well. The 100% Foreign | | | | purchasing capacity. Cities like Delhi, Mumbai, Bangalore, |
| Direct Investment opened gates for foreign investors | | | | Pune, Hyderabad and Punjab are likely to grow 600% |
| with a promise of lucrative returns. The real estate | | | | in terms of commercial spaces. The residential sector |
| infrastructure is flourishing by continued supply of | | | | has enormous amount of townships on the way by |
| foreign exchange to the building industry investment | | | | big players like Uni-tech, Omaxe , D.L.F. and T.D.I. with |
| funds. Some real estate firms like Dubai based "Emma | | | | their promising projects. Some builders are even |
| r" were few of taking advantage of this Foreign Direct | | | | coming up with specialized and themed commercial |
| Investment (F.D.I.) relaxation.Some reports surfaced the | | | | and residential developments like home appliance |
| fact that Indian Real Estate market will be growing to | | | | malls, auto malls, food plazas and many more.M.V.L. |
| a US$102 billion in the next 10 years from current | | | | |