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.

GURGAON

By all accounts, Gurgaon occupies the pole position in the list of hot real estate hubs in India. The city has just matured into business process outsourcing (BPO) capital of India with most of the major MNC as well as domestic BPO firms having a facility here. Nothing surprising, the city is now also flush with a host of well-planned residential colonies and complexes and some of the most remarkable malls and multiplexes. This hub is all slated to grow much bigger than what it is today as more real estate projects are coming up on Gurgaon-Sohna road.

NOIDA

In Delhi/NCR circuit in the state of Uttar Pradesh, Noida was a late starter vis-à-vis Gurgaon but now is in a catching up mould. In last couple of years, it has also evolved as an ITES hub in addition to a hot turf for mall and commercial office complexes. Noida is slated to have country’s largest mall – The Great India Place- by 2009. A major plus in favour of Noida is its closest proximity to Delhi vis-à-vis other satellite towns of the national capital.

GREATER NOIDA

An extension of Noida, this real estate hub is more affordable than both Gurgaon and Noida today. Hectic construction activity is in full swing in the entire landscape of Greater Noida but the place presently has more of residential complexes than commercial complexes. The latter is slated to pick up momentum after the construction work of an international airport (the Uttar Pradesh government has already given the approval for it) is actually kick started. Greater Noida is also slated to be joined by Delhi Metro in the third phase of its extension which will further galvanise this real estate hub.

INDIRAPURAM, GHAZIABAD

With proximity to the national capital, this newly developed hub is turning out to be a paradise for middle-class consumers because of cheaper rates than any other satellite towns of Delhi. Several apartments are being erected at the place and Indirapuram today also boasts of some very large malls like Shipra. The place is slated to have more malls and apartments in the time to come.