With government support and increase in number of real estate developers, affordable housing demand will surge at a CAGR of around 13% during 2011-2013, says a research report by RNCOS a thinktank group on industry intelligence and creative solutions for contemporary business segments.
According to the research report “Indian Housing Sector Analysis,” real estate section in India has emerged as one of the most dynamic sections. The country’s housing industry has been experiencing tremendous growth for the past few years. Moreover, with increase in number of real estate developers, rise in demand for properties, and availability of financing options, India housing sector is expected to propel in near future.
The ongoing research analysis found that, the affordable housing segment accounts for the major share in the India housing industry, both in terms of volume and value. This segment is mainly targeted by the economically weaker class and low-income groups. With continuous support from the government and financial institutions, such as, reduction in mortgage rates and increased focus on affordable housing construction, the affordable housing demand potential in India is anticipated to grow at a CAGR of around 13% during the forecast period 2011-2013.
Apart from affordable housing segment various other segments are also showing promising future prospects. Luxury and medium housing segment have shown a tremendous growth in the past and we anticipate that these segments will grow significantly in the coming years on the back of various reasons discussed in our report.
“Indian Housing Sector Analysis”, analyzes factors critical to the success of the Indian housing industry. It has also identified key players in the market and included their detail business description along with their recent activities. Additionally, the report sheds light on the emerging industry trends and discusses the market structure along with current and past market performance of the Indian housing industry.
Forecasts for potential housing demand in key segments such as, affordable, medium, and luxury housing have also been presented to provide better understanding of the Indian housing sector. Detail data and rational analysis help investors, financial service providers, and global banking players to navigate through the latest trends in the Indian housing industry.
