India Property - Big picture or small realty?

Ravi Teja Sharma wonders if the mammoth development of real estate in smaller towns and cities in India really makes sense. Pick up a property supplement of any newspaper and you will be overwhelmed by the number of projects in smaller towns like Panipat, Kurukshetra, Bhiwadi, Sonepat, Dharuhera, Karnal among the many, by well known and other, less known developers. The players in the real estate market in areas around Delhi, for instance, are a mixed bag. From prominent players like Omaxe, TDI and Ansals, there are smaller ones like Nitishree, Pearls Infrastructure and Amrapali Group, to name a few.