Rapid urbanization and increasing household income will boost the Indian Affordable Housing Market, says RNCOS.
Noida, UP -- (SBWIRE) -- 07/09/2015 -- The housing industry in India has experienced upward movement even in the tough global economic conditions. The main reason for growth is the rising number of low and mid-income group in the country's Tier I, II and III cities. These households have the potential to make investments in the affordable houses as their purchasing power meet the value of average affordable homes. According to the report, "Indian Housing Sector Outlook 2020", with the rising population, rapid urbanization, increasing household income and innovative solutions by the real estate companies, the potential annual demand (in volume terms) for these affordable houses is expected to grow at a CAGR of around 10% during 2015-2020.
However, in the past few years, the Indian economy has witnessed a slowdown, which affected the demand in the housing sector. But with the newly formed government, the scenario has started to change showing an upward trend in the housing sector. Moreover, to meet the increasing demand for affordable housing, the Indian Planning Commission, Finance Ministry, RBI, and many financial institutions have provided their full cooperation to the realtors to jointly undertake a series of measures for affordable housing in India. All these initiatives will not only boost the affordable housing segment in India but will also help in compensating the gap between demand and supply of Indian affordable housing market.
The report, by RNCOS 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 builder's and consumers view to analyze the current market scenario.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM766.htm
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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.