SignalR is nothing but an Asynch Library which can be used to develop web applications and those applications provides some services which runs asynchronously. In other terms, SignalR is a library which can be used to create Real Time applications. In general terms, I feel the term "Real Time" means something or some event that actually happens with us at a particular time. Well, then "Real Time" in terms of a web application would mean "An immediate response sent by the Server on the Client's request". There is a brief explanation of the term Real Time here.
All right now moving towards SignalR, earlier it was not a part of the ASP.NET Family, but now Microsoft has incorporated it into VS 2012 and the .NET Framework 4.5. You can download the package here "Microsoft ASP.NET Fall 2012 Update BUILD Release". Checkout the Overview section before downloading the package.
SignalR is a library which is supported only by .NET Framework 4.0 and 4.5. So if you are one of those unlucky guys that want this library but are still working uing .NET Framework 3.5, it's now high time to switch to the latest framework version.
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