The Indian economy is changing rapidly. With GDP growth rates of over 8% annually, the India is today the fastest & the largest growing democracy in the world. The growth is the result of the structural changes taking place in the economy supported by the strong fundamentals and a favourable demographic profile. The developments in the Real Estate sector symbolize this changing face of India. The recent opening of the sector coupled with the growing demand has further given a big boost to the sector which has seen it growing at over 30% in recent years. It is estimated that the realty business opportunity will be to the tune of US$2.5 trillion (approx. INR.100,00,000 crores) in the next ten years. An estimated 120,000 crores sq. ft. of constructed space would be required in the urban / semi-urban space. India is one of the few markets in the world, which offers such high prospects for growth and earnings potential in practically all areas of the real estate business. The opportunity is truly huge, broad-based & evident even in small towns across India. But amidst this great opportunity for growth & development there does exist some challenges & obstacles.