The real estate story in India is growing bigger day by day. Industry experts believe that Indian real estate has huge demand potential in almost every sector -- especially commercial, residential and retail.

Growth in commercial office space requirement is led by the burgeoning outsourcing and information technology (IT) industry. It is estimated that in the residential sector there is a housing shortage of 19.4 million units out of which 6.7 million are in urban India. As a result, retail projects have been mushrooming across even in B-grade cities. The retail market is expected to grow at around 35 per cent, which would result in an estimated investment of US $ 10 billion in the next 12-18 months.

Given the vast potential of growth in this important sector, CII is organizing Property Expo 2008 at Ahmedabad from 19-21 December 2008 to showcase the progress made, deliberate the potential opportunities and challenges facing the industry and to create a roadmap for sustainable growth and development.