On the coattails of tech boom, India’s real estate flourishes - 2006-03-02
The technology and outsourcing boom in India has had a generally positive impact on the country's economy, but perhaps hiding slightly under the radar is its cataclysmic effect on the real estate industry, which is now booming.
Real estate is a $50 billion yearly industry in India that will continue to expand at 25 percent a year. This year there is a demand for 23 million square feet of real estate space in India, which will climb to demand for 50 million square feet in 2009.
Read the full story at IndUS Business Journal