India is fast emerging as the global hot spot for real estate. The pepped demand comes especially from the IT industry, an industry that is growing at a rapid pace. By the year 2012 - 13 there would be a need of some 367 million square feet for the business process outsourcing and IT industries. These estimates are conservative as they assume that the IT professionals will grow at a rate of 20 % and the need for space requirement would remain at 100 sq. ft per knowledge worker.
According to reports the image of India is improving as a regional corporate base for Asian markets. The emerging sectors like biotechnology, telecom, pharmaceuticals and financial services will provide a boost to the demand and expand the occupier base.
A study by E&Y and FICCI states that the entertainment segment and commercial retail in 8 large Indian cities will supply around 66 million square feet of new retail space. This supply will be through more than two hundred retail centers that have been 2008.
