Real estate is one sector that India is not very proud of.
Urban development in India... will be the biggest sunrise industry that any country has seen in any part of the world.
Without land, how can you have development of roads, highways, townships, etc?
Land is an emotional subject with a farmer in India because it is his only means of income.
If it was not for Rajiv Gandhi, urbanization in India would have been history.
As reforms have come into India, as India has started opening up, prosperity is increasing, as is demand for urban housing.