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India Property Market Growth

By Sara Seddon Kilbinger
From The Wall Street Journal Online

The housing markets in the U.S. and the United Kingdom have been slowing, but in India, large-scale residential projects are only getting bigger.

India’s massive urban migration — it is estimated that 220 million people there will migrate to cities in the next decade — has triggered a slew of large-scale residential developments. The rural exodus is largely being driven by workers leaving India’s agricultural sector to take up more-lucrative employment in the rapidly expanding service and manufacturing industries.

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March 14, 2008   1 Comment