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 investment into 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. In addition, 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 forms majority part the Indian housing Industry in both value and volume terms. However, Medium and Luxury housing is expected to witness significant growth in the coming years as the market is comparatively very small and has huge potential for further developments.
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 not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move. It 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.
