There is no doubt that Gurgaon has seen an unprecedented growth in the real estate sector and that too in a short span of time. Similar to other sectors like Information & Technology, software and IT-enabled industry,

today real estate sector has also become a profitable proposition. This growth can be seen all over India and still going strong in the form of Real Estate Agents, realtors, brokers, etc.

Currently the Indian real estate industry is valued at $50 billion and this is expected to grow at the rate of 25 percent on annual basis. The return on investment in

realty sector is amazing and is far better than stocks, mutual funds, fixed deposits or any other investment option. The growth in real estate sector has been enabled by the home loan facilities made available by the banks and

financial institutions. Everybody from individuals to corporate houses have availed the facility of housing loans to invest in properties.

The growth in real estate sector is very much visible in metros and big cities like Delhi, Mumbai, Bangalore, Pune etc. The growing purchasing power and ample job opportunities in IT and IT-enabled industry have also been the force behind this stupendous growth. Gurgaon, one of the suburbs of Delhi, is one such example.

Gurgaon has been the investment destination for big multinational companies from almost all the sectors lead by software and IT-enabled companies. Most of the big names in the IT and BPO industry have established their offices here. This development has created a huge demand for office spaces, commercial and residential properties. Gurgaon has been successful in catering to important requisites like good infrastructure, connectivity and real value for money. Similarly, individuals look for best possible residential accommodation which can come well within their budgets.

Gurgaon has been successful in meeting the requirements of most of the aspirants. Still there is long way to go; lots of development is happening in the city to make it globally competitive in terms of infrastructure and

facilities. This would attract more of investments from large corporate houses and fetch huge revenues for the government.

The real estate sector is gradually getting organized in India. Big real estate players have introduced innovative solutions like property portals and search engines. Real Estate Agents, portals and search engines can be used as the source to find property in India easily and quickly. Government has also done its bit to promote realty business by formulating policies to attract NRIs investment and allowing Foreign Direct Investment (FDI) in the Indian real estate sector.

The growth in the real estate sector has also boosted the overall growth of the economy of India.