The builders are buying land all over India. Big builders like DLF, Reliance, Parsvanath, Omaxe, and many more builders are buying land. They are doing so because they know that there is rise in property market is a seeing a steady growth. There are SEZ being developed to build industrial areas and big builders like Reliance are taking advantage of this fact. There is scope in cities like is Bangalore, Pune, Delhi, Chandigarh and Gurgaon.

The demand for land is more than the supply so it is sellers market. There is more demand for housing flats and apartments as well. There has been relaxation in the foreign investment for commercial development of projects. Property developers are buying the land in outskirts of cities for development for commercial use. There are many foreign companies who are opening business in India on their own or win partnership with Indian firms. Many times these companies also take Indian companies as subsidiary to their company.

There is demand of about 20 million units of housing. As the banks are providing finance at easy rates and rising income of young people has led to more demand in this sector. Banks are offering easy loans options as the interest rate are quite high. As compared to other countries the bank are offering loans at higher rate of interest.

The property market in small cities like Pune has also increased as there is growing IT sector there. Many luxury flats are available there. The flats are coming with swimming pools and other luxuries. The flats are being price at about Rs. One crore for small flats. Aamby Valley in Lonavala is another hot destination for luxurious properties. It has properties in the range of three to four crores. It has its own airport. It is being projected as a retirement city in India.

The new housing scheme coming up in India is like a dream come true for every Indian. To get world class facilities and ambiance is no more a dream.

The recession has hit the real estate; it has seen a dip in this sector. There has been decrease in the sale of the luxury real estate as well. The recession is showing its ugly head with income from real estate going lower than before.

The posh locations in metropolitan cities have seen a drop of around 10-20% in real estate sector. In Delhi the posh areas like Vasant Vihar, GK I & II, Westend, and Shanti Niketan where luxury property was a prime item has seen a drop in the sale of such properties. Even the rental values of the property have gone down. The business sector has been affected by recession and due to this there is not much extra money to invest in luxury real estate .

In Mumbai also the same phenomenon was seen during the recession. There has been a drop in acquiring rate of luxury property as well as rental values of the luxury properties. The areas of south central Mumbai like Malabar hills, Nepean Sea road, Alta mount road, Carmichael Road and breach candy area, all have witnessed a drop in the sale and rent of properties.

The same trend is seen in Kolkata, but the difference in this city is that it seen a greater drop in rental values than in the buying of properties. As there will be improvement in the economic condition there will again be a rise in the real estate market. Certain areas in Kolkata have seen lot more drop in rental values than other areas. Areas like Southern Avenue and Dover Lane in South Kolkata have seen more drops in rental areas as compared to areas like Ballygunge, Queens Park and Gurusaday Road.

In the same way the city of Hyderabad the rental values has decreased, but there has been an increase in the capital value of the luxury real estate. Chennai and Pune have not seen much of decline and the real estate sector has remained unaffected by the recession in these cities.