In India’s booming real-estate sector, the residential market is the most important segment. With economic growth and growing prosperity, the demand for housing has increased constantly in the recent years. According to RNCOS latest research report “Indian Housing Sector Analysis”, with the government support, the annual demand for residential buildings in the country is anticipated to grow at a CAGR of 52.5% by 2014 to reach 22.1 Million Units.
Research Analysis and Highlights
The report, spread over 135 pages, provides detailed and balanced analysis of each housing segment, be it affordable housing or luxury housing. Considering the effect of global economic crisis on the country’s housing sector, the report presents the future outlook. Emerging industry trends, the levels of investments in housing sector and the recent development of senior housing sector, have also been discussed in the comprehensive study.
Some of the key findings of the report are:
- The luxury housing sector possesses huge future growth potential as the number of rich people in India is increasing
at a faster pace than in other emerging nations.
- The senior housing sector has been gaining momentum and is expected to expand further. As per estimations, in India,
there will be 76 Million people above the age of 65 years by 2014 as against 67 Million seniors in 2011.
- In FY 2011, the credit growth rate in the Indian mortgage finance market was around 18% due to factors like stable
operating environment and buoyant property prices, among others.
- Housing sector is the key driver of the Indian cement industry, and it is anticipated to constitute around 54% of the total
cement demand during FY 2008 to FY 2012.
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.jpg "Opportunities in Indian Housing Sector (2006-2007)")
