In India, luxury houses are usually constructed in high-class locations which are preferred by economically-strong people. A research report by RNCOS observed that though Delhi and Mumbai presently dominate the country’s luxury housing demand, cities like Hyderabad, Lucknow, Pune and Bhopal, among others are also not far behind in the race. These locations are increasingly being selected for developing such properties. The report, “Indian Housing Sector Analysis”, estimates that the luxury housing market potential, in value terms, will expand in India at a CAGR of over 81% during 2012-2014.
The housing industry has emerged as the most dynamic section of the Indian realty sector. With the entry of numerous real estate developers, availability of easy finance, and increasing demand for residential properties, the housing industry in India has witnessed a stupendous growth. According to the report, the industry is highly fragmented as the unorganized segment accounts for over 70% of the total housing units, and the organized section represents the remaining share. The demand for luxury homes is soaring in India, and there exists a huge growth potential for the niche market as the population of rich people in India is increasing at a faster pace than in other emerging nations.
The report, which provides detailed analysis of the housing sector in India, presents thorough insight into each segment, including affordable, medium, and luxury housing. The future outlook for the industry, considering the effect of the global economic crisis on it, has been included in the study that also discusses base drivers, opportunities, and challenges being faced by the housing sector. Emerging trends, market structure, and current and past performance of the Indian housing industry are key parts of the comprehensive research. The report also identifies main players in the market, and includes their business descriptions along with the recent activities.
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.jpg "Opportunities in Indian Housing Sector (2006-2007)")
