The Indian real estate sector is one of the most globally recognized sectors. In the country, it is the second largest employer after agriculture, and is slated to grow at 30% over the next decade. With the rapid growth in the Indian housing sector, the number of housing units has increased to meet incessant demand for new homes, both in rural and urban areas. Along with the growth in the housing market, the related industry verticals, such as tiles, modular kitchen, flooring, construction chemical, etc. are also poised for strong growth in the coming years. Growing disposable income of Indians, coupled with rising awareness about latest products, is increasing share of organized players in the market.
According to our report, wooden flooring is becoming widely popular in India day-by-day. The choice is becoming popular among home owners due to its advantages, like the ability to provide a rich look, insulation properties, ease of installation, temperature moderation in extreme weather conditions and anti-skid properties. Wooden flooring tops the charts; not only among the high-end consumer, but even middle class households are opting for a wooden floor, at least in some part of their house. Moreover, wooden flooring provides a room the distinct look along with a hygienic environment, as it prohibits the growth of dust mites or moulds. On the back of above reasons it is estimated that wooden flooring market will grow at a CAGR of around 33% during 2015-2020
The report, “Indian Housing Sector Outlook 2020”, by RNCOS which is spread over in 145 pages provides an in-depth research and rational analysis of the Indian Housing industry with forecasts till 2020. The report has been divided into housing demand level, city level industry and vertical level segment. The housing demand level section focuses on the affordable and luxury housing demand which has been forecasted till year 2020. Whereas, the city level section provides a detailed outlook and estimation of housing launches and units sold till 2014 of various cities like Mumbai, National Capital Region, Chennai, Hyderabad, Pune and Bengaluru.
Further, the markets of various industry verticals such as tiles, modular kitchen, and construction chemical and so on, have also been forecasted. A special emphasis on the trends prevailing in the industry along with major challenges has also been provided in the report. Moreover, in order to create an insight regarding the competition prevailing in the industry, a detailed competitive landscape covering major players, such as DLF Ltd., Lodha Group, Omaxe Ltd. and so on, in the industry has also been provided. The report also contains the investment outlook in real estate industry which incorporates investment through FDI and private equity. Furthermore, this report also focuses on key factors like builders and consumers view, to analyze the current market scenario.