A study of star formation is carried out on 35 giant extragalactic HII regions (GEHRs) in seven galaxies using optical photometric data in BVR broad bands and in the emission line of H alpha. Interstellar extinction, metallicity and nebular contributions to the broad bands are estimated using spectroscopic data on these objects. Dimensionless diagrams involving B-V and V-R colors and the flux ratio of Balmer line to B band continuum are used to study star formation. The cluster colors indicate reduced extinction towards stellar continuum compared to the values derived from Balmer lines for the ionized gas. The frequency of detection of classical young (t < 3 Myr) regions with only one burst of star formation is found to be low as compared to young regions with an accompanying population rich in red supergiants from a previous burst (t ~ 10 Myr). Reduced extinction towards cluster stars, destruction of ionizing photons and the existence of older population, often spatially unresolvable from the younger population, all conspire to make the observed Balmer line equivalent widths low in a majority of the GEHRs. A scenario of star formation is suggested which explains many of the observed properties of GEHRs, including the core-halo structure, reduced extinction for the radiation from stars as compared to that from the nebular gas, non-detection of young single burst regions and the co-existence of two populations of different ages.