Navi Mumbai, Maharashtra India (PressExposure) June 15, 2011 -- India is blessed with one of the fastest growing real estate markets in the world. It is not only attracting domestic real estate developers but also the foreign investors; particularly, the NRI investments in India have a bulk of their share in the Indian housing market. The housing construction industry is poised for double-digit growth in the backdrop of large population base, rising income level and rapid urbanization, says our research report, "Indian Housing Sector Analysis". Moreover, the housing construction industry is expected to overtake other industrial sectors in terms of contribution to GDP growth in the next few years.
Presently, the affordable housing is basically targeting at economically weaker class and low income groups and constitutes majority of the Indian housing industry, both in terms of value and volume. However, medium housing segment is also witnessing tremendous growth, especially in Tier-1 and Tier-2 cities. Besides, luxury housing is also expected to witness significant growth in coming years as this market segment is comparatively very small and has huge potential for further developments. As far as super luxury housing segment is concerned, latest industry trends and developments are skewed towards the segment. MNCs have again began hiring expat employees who are provided with the luxury housing benefits. Additionally, high net worth NRIs are also propelling demand for luxury housing in the country. Both these factors are expected to sustain the growth of luxury housing segment in long run.
Besides, the report analyzes factors critical to the success of the Indian housing industry. It has also identified key players in the market and included their detail business description along with their recent activities. Additionally, the report sheds light on the emerging industry trends and discusses the market structure along with current and past market performance of the Indian housing industry.
Forecast for potential housing demand in key segments such as, affordable, medium, and luxury housing have also been presented to provide better understanding of the Indian housing sector.
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