Delhi, India (PressExposure) April 13, 2009 -- Affordability is one of the most important factors that will decide the future of housing construction industry in India, says RNCOS in its new research report, âIndian Housing Sector Analysisâ. Apart from luxury villas and deluxe flats, the demand for affordable housing units will be the main driver of growth in the next decade. It is anticipated that the affordable housing units will continue to account for 80% of the total housing demand by 2013 and will contribute more than US$ 100 Billion to housing market.
In wake of rising middle class population and improving income levels, real estate developers will definitely search for innovative ideas to build homes specific for one of the largest middle class population in the world.
The report further says that despite financial crisis of 2008, the Indian housing industry will continue to hold its fundamental level and will emerge as the fastest recovering housing industry across the globe. Strong regulatory environment, intact demand level and market adjusted approach by developers and consumers will shield the Indian housing industry from after effects of economic crisis.
Moreover, it is anticipated that the growth in the Indian housing industry will slowdown for a shorter duration rather than collapsing similar to housing industry in Europe and the US. The industry will attain its earlier growth trajectory in next two to three years by taking more precautionary measures.
âIndian Housing Sector Analysisâ provides comprehensive information and objective analysis on the growing housing industry in India, its components and supporting financing structure. It also facilitates clients to evaluate the factors responsible for the development of Indian housing industry along with brief overview of current and past market trends. The report also outlines the market structure, demand drivers and competitors to understand the market dynamics.
Detailed data and analysis helps investors, financial service providers and global banking players to navigate through the latest trends in the housing industry. The report provides the segment-wise analysis, forecast, the latest market trends and information of emerging areas.
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