India's property markets are growing, driven largely by the rapid expansion of its information technology industry and the simultaneous growth of its middle class.  Thousands of commercial, retail, and residential projects are coming up across the country.  In 2004, developers erected 1.6 million square meters of commercial buildings in India.  In 2007, 2.1 million square meters of new space will come on the market, and by 2009 this number will rise to 4.64 million. 

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