In recent years, Construction Industry is the fastest growing industry with no sign of decline in near future. With growing population and income level demand for residential and non-residential buildings is rising, especially in developing regions this industry has outperformed. The UN-Habitat predicts that in the next 25 years, there will be 2 billion people looking out for houses. The rate at which housing construction to be undergone would be 4000 housing units per hour. http://www.bharatbook.com/detail.asp?id=214670&rt=Indian-Residential-Construction-Market.html
These mind-boggling figures are supported by the housing demand in countries like India as the population is huge and housing storage is low. moroever, recent trends of housing rental properties in India are conspicuous by the immense potential that is being realized today. Rental values in cities like Delhi and outskirts are witnessing an increase of 20-25%. Real estate agents are devoting themselves to negotiations for rented homes than ever. market research reports
Though the interest rates on home loans, continued tax exemptions on such prompts people to buy property, those with the ability to buy a flat among the middle-class are thinking twice. In residential segment, the capital value or cost of flats has almost doubled in cities like Gurgaon where prices went up to USD 100,000 from USD 35,000 a couple of years back. The demand for more capital appreciation in the wake of rising prices coupled with home loan rate hike has dampened the buying spirit.
This has in ways propelled demand for rental property in India. Increased demand for independent houses or paying guests occurs mainly in the metros like Delhi, Gurgaon, and Mumbai etc. where the corporate sectors rent independent houses for their senior executives.
A paying guest or PG accommodation in India is a convenient arrangement. Even PG hostels and working women’s hostels, are considered safe and can be availed of on an individual or sharing basis mean big business. Therefore, the industry is booming both in rental housing and owned housing segment and opens the huge opprtunities for the residential builders in the country as well as at global stage.
Table of Contents :
Global Scenario – Construction Industry
Global construction Spending Trends
Indian Construction Sector
The Indian Residential Sector
Key highlights of the Housing sector
Market Structure & Segmentation
Rental Trends in India
Market Share & Competition Situation
Competition by Geography- Property Index
National Level Property Price Analysis
City Level Property Price Analysis
Key Challenges / Barriers
Key Success factors
Market Entry Strategy
Low Cost Housing
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