In India, the reforms programme has been going on for past one and a half decade and in the process it has led to a phenomenal growth in several sectors like IT, ITES, Telecom, etc. All economic indicators are pointing to the India Property market as the next growth story.

In a slow and steady manner, the residential development in Indian metros had taken off since 90’s. It began picking up momentum around mid-90’s and today it has scaled to a peak which was unimaginable till some years ago.

Commercial Property Development in India can be divided into two constituents. While development of office complexes in and around established or emerging business locations had taken off around mid-90’s ( it was the time when reforms programme had reached to a critical stage and by and large it was accepted that it is irreversible), the development of malls and retail spaces had really kick started around 2000.

So what does make up the hotspots in the Indian real estate market? Areas like Gurgaon, Noida, Greater Noida - you wouldn't expect it, would you? But these are the emerging hotspots within the Indian real estate sector and the next big boom.