The real estate sector in India has grown significantly over the past 5 years and is expected to continue growing. It is the second largest employer in India and is slated to grow 30% over the next decade. The market size of the real estate sector in India is expected to reach $180 billion by 2020, growing at a CAGR of 11.2% between 2008-2020. Residential projects have attracted substantial investment from private equity funds and non-banking financial companies.