Noida, India (PressExposure) January 02, 2010 -- As per our new report "Indian Housing Sector Analysis", the luxury housing market in India is currently small but has huge potential for future growth. The number of affluent people in India is growing at a faster pace than in other emerging markets. The annual sales of luxury houses currently stands at around US$ 4.3 Billion, and is expected to grow at a CAGR of over 30% during the forecast period (2009-2013).
In terms of housing units, the luxury housing segment accounts for very small share of total housing units, but in terms housing sales value, the segment accounts for a significant share. With the rising number of households in high-income group, this proportion is expected to increase significantly in coming years. By the end of 2013, the share is expected to increase to 9% and 25% in volume and value terms respectively. This is a niche market and growth in this segment will also boost sales of other related segments like sanitary, household furniture and faucet market.
The report provides exhaustive information and objective analysis on the growing housing industry in India. It studies the emerging market trends, recent developments and their impact on the concerned market. It provides separate and detailed analysis of important market segments - affordable, medium and luxury housing - based on affordability, housing cost and income profile of Indians. Detailed data and rational analysis help investors, financial service providers and global banking players to navigate through the latest trends in the Indian housing industry.
Moreover, our report also reveals important information like housing stock and housing shortage at present as well as in future. Not only this, it also tells which state has maximum housing shortage and which has minimum that will help clients to identify the prospective place/region for their investments. Therefore, the report is a complete solution to the clients that aims at assisting them to analyze the leading-edge opportunities, prospective customer base, key players and all the other factors which are critical to the success of a new entrant in the housing industry of India.
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