India is urbanising at, what a Union Minister has termed, a very 'dramatic' clip. It today has 50 cities with a population of over one million. As per the 2011 Census, the total number of cities and towns in the country had increased to 7,936 from 5,161 in 2001.
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I call it the 4-P model where the fourth P stands for people
It is yet to emerge as an organised sector in comparison to the other sectors where you have model concession agreements. The bankers are also very familiar with terms and conditions.