The real estate sector in India includes four sub-sectors and is globally recognized. It is complemented by the growth of the corporate environment and demand for office space and accommodation. The sector ranks third among the major sectors in terms of direct, indirect and induced effects on the economy. It is the second-highest employment generator in India after agriculture and is expected to attract more NRI investments in the short and long term. Bengaluru is expected to be the most favoured property investment destination for NRIs.