Nanofluids are suspension of nanoparticles (less than 100 nm) in the conventional base fluids. The dispersed solid metallic or non-metallic nanoparticles change the thermal properties like thermal conductivity, viscosity, specific heat, and density of the base fluid. Past studies focused on measuring the thermal properties of nanofluids. These suspended nanoparticles effectively improve the transport properties and heat transfer characteristics of the base fluids. Recently, heat transfer augmentation using suspensions of nanometre-sized solid particles in base liquids have been investigated by various research groups across the world. This paper reviews the state-of-the-art nanofluid studies in the area of forced convection heat transfer enhancement. The results for the heat transfer characteristics in internal flow with constant heat flux and constant wall temperature boundary conditions reported by various researchers have been compiled and reviewed. Further, in heat exchangers, the real boundary conditions are different from the constant heat flux and constant wall temperature boundary conditions. Over a span of 2 decades, the literature in this field is widespread; hence, this review would be useful for researchers to have a precise screening of a wide range of investigations in this area.