As country around the world are becoming centers of economic growth, they are also becoming the focal points of poverty. Economic growth models that not only widen disparities between rural and urban populations but also between high- and low-income populations within country. International developers continue to treat poverty as a mainly rural phenomenon and neglect large-scale assistance to country. At 40 percent, India has the highest prevalence of urban poverty in Asia. With the Indian real estate market forecast to be worth $55 billion by 2010. Demand for both residential and commercial space in India is expected to reach 75 million square feet in within three years. Malls are one of the fastest growing areas in Indian real estate. There is a huge demand from people of tier-II and tier-III cities in India for malls.
Research report by Realestory team.
