Top 10 new features in MVC4
Feature 1 : ASP.net Web API
Feature 2 : Enhancements to Default Project Templates
Feature 3 : Mobile Project Template
Feature 4 : Display Modes
Feature 5 : jQuery Mobile and Mobile Features
Feature 6 : Task Support for Asynchronous Controllers
Feature 7 : Azure SDK
Feature 8 : Database Migrations
Feature 9 : Bundling and Minification
Feature 10 : Enabling Logins from Facebook and Other Sites Using OAuth and OpenID
Refer this link for explanation
http://sampathloku.blogspot.in/2013/05/top-10-new-features-in-aspnet-mvc-4.html
http://www.developingthefuture.net/whats-new-in-asp-net-mvc-4/
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