| The real estate market of India is becoming a hot | | | | infrastructure are driving up the demand for housing |
| selling property and is attracting the attention of real | | | | developments, malls and offices. |
| investors as they are getting huge profits and high | | | | But these days, the country's $12 billion real estate |
| returns on their investments. The real estate in India | | | | market is expanding at a 30 percent annual rate. With |
| may still be a fragmented industry with high | | | | the economy expected to continue growing rapidly |
| transaction costs and an absence of complete | | | | the rate is about 8 percent and a swelling |
| transparency; but it is whetting the appetites of | | | | middle class with an appetite for quality apartments, |
| domestic and overseas investors. In India, the world's | | | | modern malls and a variety of stores, the forecasts |
| second-fastest-growing economy, after China, | | | | are rosy. Analysts at Merrill Lynch predict that the |
| changing government policies and a focus on | | | | real estate market will grow to $90 billion in 10 years. |