Market experts are predicting a significant surge in the value of Indian real estate, envisioning an increase from US $12 billion to a staggering $90 billion by the year 2015. Martin Bowen, the Sales Director of Profile Europe (UK) Ltd, shared his insights, stating, “The residential property market is experiencing exponential growth right across India, particularly in urban areas and those regions adjacent to the new specialized industrial zones established by the government.” He further mentioned, “Recent statistics provided by the Chief Economist of the Bank of Baroda indicate that properties have appreciated by as much as 60% to 100% over the past year in many towns.” Bowen elaborated on the situation, emphasizing a loss of approximately 20 million housing units, largely attributed to the youthful demographic—about 55% of the Indian population is under 25 years old—combined with a booming economy. Additionally, the expanding middle class is increasingly seeking quality housing options driven by rising disposable incomes. He also highlighted that the growth of the mortgage market and decreasing interest rates have made properties more accessible, even in the face of actual price increases.