India, the third largest developing economy in the Asia enjoys a unique position. The present government with its focus on business and growth for the nation is keen to undertake reforms critical for reviving growth. As India gears itself towards sustained growth; the real estate sector’s significance becomes an area of key importance. Rapid urbanisation and growing occupier demand are key factors expected to drive real estate demand in the nation. The population of India was 1.2 billion in 2011 and there has been an addition of 180 million in the previous decade1 . During 2001-11, perhaps for the first time in Indian history, the urban population actually grew more than the rural population. Part of this change in population dynamics is because undoubtedly more than 2,500 settlements that were defined as villages in 2001 were reclassified as towns in 2011. Rapid urbanisation is also perceived as a significant contributor to demographic shift. The country’s urban population has grown at a compound annual growth rate (CAGR) of 2.8% over 2001-11, resulting in an increase in the urbanisation rate from 27.8% to 31.2%2 . Out of India’s population of 1.21 billion, 377 million people are urban dwellers and with more than 10 million people being added to urban areas every year, India’s urban population is expected to reach about 600 million by 20313 .Furthermore, over 2015-31, the pace of urbanisation is likely to increase at a CAGR of 2.1% – double than that of China.