>>lodha: mumbai is a city of 22 million people or thereabouts. home ownership rates which are are in the range of 20 percent - extremely low by global standards - a rapidly developing economy, and a land-locked island city 456 square kilometres in area - one-fourth of what the new york metro region has for example, but four times the people. so all these factors put together contribute to a very real demand - continues demand for all sorts of real estate. >>reporter: and buyers are lapping up developments as soon as they are announced. vijay srirangan has invested half a million dollars in an apartment in this building complex in a mumbai suburb. even though it won't be ready till 2013. >>srirangan: they've got gardens, specialized gardens planned. they've got the usual clubhouse; they've got tennis courts that are planned, other games facilities are in place, children's park. several of those features, the ability to walk around inside the complex - as you grow older that's an important element - all of these add up to making this premium, excit