Published & Updated as on - 2010-06-04
India
is blessed with one of the fastest growing real estate markets in the world. It
is not only attracting domestic real estate developers but also the foreign
investors; particularly, the NRI investments in India have a bulk of their
share in the Indian housing market. The housing construction industry is poised
for double-digit growth in the backdrop of large population base, rising income
level and rapid urbanization in search of employment. Moreover, the housing
construction industry is expected to overtake other industrial sectors in terms
of contribution to GDP growth in the next few years.
 Presently,
the affordable housing, basically targeted at economically weaker class and low
income groups, constitutes the majority of the Indian housing industry, both
terms of value and volume. However, medium and luxury housing is expected to
witness significant growth in coming years as this market segment is
comparatively very small and has huge potential for further developments. As
far as super luxury housing segment is concerned, latest industry trends and
developments are skewed towards the segment. MNCs have again began hiring expat
employees who are provided with the luxury housing benefits. Additionally, high
net worth NRIs are also propelling demand for luxury housing in the country.
Both these factors are expected to sustain the growth of luxury housing segment
in long run.
RNCOS report “Indian Housing Sector Analysis”
provides exhaustive information and objective analysis on the growing housing
industry in India, its components and supporting financing structure. The
report also discusses the market structure, current and past market performance
and factors critical to the success of the housing industry in India. Detailed
data and rational analysis help investors, financial service providers and
global banking players to navigate through the latest trends in the Indian
housing industry.
The forecast given in the report is based
on the correlation between past market growth and growth in base drivers, such
as household size, disposable personal income, GDP growth, long-term interest
rates, competitive structure, government support, contribution by housing
finance industry and growing industrialization.
Source: www.marketresearch.com 01/06/10
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