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Commercial real estate sector is in boom in India. After liberalization of the economy, Indian real estate business took an upturn in the last fifteen years. With the advent of multinational companies to India to set up base here, especially the IT sector ,the demand for land has risen up and with that the prices have also shot up. Research estimates that Indian Real Estate market is expected to grow from the current USD 14 billion to a USD 102 billion in the next 10 years.
from: http://ezinearticles.com/?Real-Estate-India,-Indian-Commercial-Real-Estate-Investors---Property-Sales-In-India&id=341989
