India's Hot Housing Market

A recent story about the nation's largest and most successful developer highlights the acceleration of India's urban development.

1 minute read

August 3, 2006, 9:00 AM PDT

By Arnab Chakraborty


"India's construction mania is turning vast tracts into modern boomtowns. The nation's hunger for real estate is also igniting the potential for environmental damage and a property bubble in fast-growing suburbs such as Gurgaon... Even with its modern office buildings and 20-story residential towers, Gurgaon is a work in progress. Construction sites spew dust. Mounds of dug-up earth line roads. Laborers, who often live in tent-like dwellings next to half-completed buildings, move around with bricks and bags of cement balanced on their heads."

"In commercial office space, demand from India's software and call center industries alone is expected to be 110 million square feet in major cities by 2010, up from an estimated 70 million square feet in 2005, according to ICICI Bank Ltd., India's largest lender that's not controlled by the government."

Thursday, July 6, 2006 in Bloomberg

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Close-up of "Apartment for rent" sign in red text on black background in front of blurred building

Trump Administration Could Effectively End Housing Voucher Program

Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

April 21, 2025 - Housing Wire

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

April 23, 2025 - Diana Ionescu

Ken Jennings stands in front of Snohomish County Community Transit bus.

Ken Jennings Launches Transit Web Series

The Jeopardy champ wants you to ride public transit.

April 20, 2025 - Streetsblog USA

Yellow electric school bus with preteen students exiting.

California Invests Additional $5M in Electric School Buses

The state wants to electrify all of its school bus fleets by 2035.

April 25 - Associated Press

City Hall building in Austin, Texas.

Austin Launches $2M Homelessness Prevention Fund

A new grant program from the city’s Homeless Strategy Office will fund rental assistance and supportive services.

April 25 - Spectrum Local News

Brick school building with mid-sized tree on front lawn.

Alabama School Forestry Initiative Brings Trees to Schoolyards

Trees can improve physical and mental health for students and commnity members.

April 25 - Governing