PRZOOM - /newswire/ -
Noida, Uttar Pradesh, India, 2011/12/23 - The affordable housing demand in India is expected to grow at a CAGR of around 13% during 2011-2013, says RNCOS in its latest research report.
India housing industry has emerged as the most vibrant and dynamic section of the real-estate industry. With the entry of numerous real-estate developers, availability of financial options, and increasing demand for residential property, housing industry has witnessed stupendous growth in the past. Despite the global economic gloom as a result of the sub-prime mortgage debacle and ensuing credit crunch, India’s housing sector remains on course for yet another year of double-digit growth. This growth is attributed to the large population base, rising income level, and rapid urbanization factors prevailing in India. Moreover, the housing construction industry is expected to overtake other industrial sectors in terms of contribution to the GDP growth in the next few years according to our research report,“Indian Housing Sector Analysis”.
The affordable housing segment is expected to continue accounting for the bulk of housing demand in the coming years. With constant support from the government and financial institutions, such as decrease in mortgage rates and increased concentration on reasonable housing construction, the affordable housing demand in India is expected to grow at a CAGR of around 13% during our forecast period 2011-2013.
Presently, affordable housing is basically targeting at economically weaker class and low-income groups and constitutes majority of the Indian housing industry, both in terms of value and volume. Indian Government has also facilitated realtors with full support for jointly undertaking a series of measures necessary for meeting up the ever-increasing demand of providing affordable housing in India.
The report,“Indian Housing Sector Analysis”, also entails detailed analysis of the housing sectors in India. It presents thorough insight into each of the housing segments including affordable housing, medium housing, and luxury housing. Most importantly, the report also provides future outlook taking into consideration the effect of global economic crisis on the housing sector of the country. Base drivers, opportunities, and challenges faced by the housing sector are also discussed. The report also sheds light on the emerging industry trends and discusses the market structure along with current and past market performance of the Indian housing industry. It also identified key players in the market and included their detail business description along with their recent activities.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.