Luxury Housing Market Poised to High Growth

The changing trend shows that the customers now demand for more value per home, says RNCOS.


Noida, UP -- (SBWIRE) -- 12/18/2014 -- Luxury homes are evolving, and so are the needs of those living within them. The evolution of custom designed luxury homes is changing quickly to keep up with lifestyle trends and technology demands. According to the report, "Indian Housing Sector Outlook 2018", a growing economy, high earning capacities and western influences are together contributing towards growing aspirations of Indian consumers. These factors have led to a mind-shift of the Indian consumers to own a house, reflecting their social and financial standing, which is driving the growth in the Indian housing segment.

The changing trend shows that the customers now demand for more value per home. Their mindset is now shifting for the houses equipped with amenities, like designer kitchens, built-in family entertainment room, elegant bathrooms, imported floorings, and so on. These features are laying down new roads for housing industry in India. Moreover, many developers have identified the above trend, and are developing ways, with a mix of technology and exclusivity to match the changing lifestyle of the Indian customers. For instance, they are introducing new texture in tiles, better quality bathroom fittings, new paint variants and wider options in the modular kitchen segment. All these developments are further triggering the desires and aspirations of a common man to own a house and decorate it.

The report, "Indian Housing Sector Outlook 2018", by RNCOS which is spread over in 120 pages provides an in-depth research and rational analysis of the Indian Housing industry with forecasts till 2018. 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 2018. Whereas, the city level section provides a detailed outlook and estimation of housing supply till 2014 of various cities like Mumbai, National Capital Region, Chennai, Hyderabad, Pune and Bengaluru.

Further, the markets of various industry verticals 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 in the industry has also been provided. The report also contains the housing industry outlook which incorporates market potential forecasted till year 2018 and market structure. Furthermore, this report also focuses on investment in real estate sector and key factors like builder's prospective and industry roadblocks to analyze the current market scenario.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.