The reform process has had some very beneficial effects on the Indian economy, including higher growth rates, lower inflation, and significant increases in foreign investment. GDP has been growing at around 6% for the last ten years and is set to grow by at least as much in the next ten years. Foreign portfolio and direct investment flows have risen significantly since reforms began in 1991 and have contributed to healthy foreign currency reserves ($135 billion in October 2005).

Largest democracy with independent judiciary, stable and profitable banking sector, highly evolved and liquid capital markets and a respected economist at the helm of the government all support the premise of India being a favored investment destination.

And of course one cannot talk enough about the positive effects of IT boom happening all over the country. Abundance of cheap English speaking manpower continues to add to the efficiencies of corporations' world over. So much so that most of the global corporations now have an' India strategy' and those who do not, are furiously working on one. This has helped inject a sense of optimism in the nation's youth along with cash in their pockets, which they are only too happy to put back into circulation. No matter where one looks, one can see the signs of consumption led growth. And this growth at macro level is pushing up the demand for real estate properties in areas like Delhi, NCR region (Gurgaon, Noida, Greater Noida, Faridabad, Ghaziabad), Mumbai, Bangalore, Lucknow and Kanpur. And historically low interest rates are making it affordable for more and more people to afford investing into real estate, which further pushes the prices higher.

To ensure that this engine of growth does not falter, Indian government has recently announced the following initiatives;