Since mid-nineties, the Indian Real Estate has been rising steadily on a growth wave and with a range of economic reforms initiated by the government recently, it is poised for yet another quantum jump in its growth trajectory. Out of every 10 Indian cities, 8 are undergoing a paradigm shifts and experiencing major makeovers to respond to the increasing demand for commercial and retail space, corporate infrastructure, residential and leisure areas and space for industry and export zones. Further, investments in urban infrastructure are playing a major role in boosting realty prospects. Real estate development is therefore fuelled by the availability of property options at competitive prices. Excess space in core commercial and residential areas in New Delhi and other major metropolitan cities is fast disappearing and unless limits on vertical growth are relaxed rental rates and real estate prices in core commercial areas may once again witness a high upward trend.