India's Realty Market: A Flourishing Landscape
The Indian real estate market is experiencing a period of significant growth, attracting not only domestic developers but also investors worldwide, especially non-resident Indians (NRIs). This increasing interest suggests that realty may soon surpass other industrial sectors in its contribution to India's GDP growth.
Affordable and Luxury Housing Segments Driving Growth
The Indian housing industry currently focuses primarily on providing affordable housing solutions for low-income groups and the economically weaker sections of society. However, the medium and luxury housing segment is also poised for substantial expansion in the coming years, presenting significant opportunities for further development. One factor fueling this growth is the recruitment of expatriate employees by multinational corporations (MNCs) and the subsequent provision of luxury housing benefits to these individuals. Additionally, the demand for luxury housing by NRIs is acting as a catalyst for the sector's expansion.
RNCOS Report Illuminates Market Dynamics
RNCOS, in its report titled "Indian Housing Sector Analysis," provides a comprehensive overview and objective evaluation of the Indian housing industry's growth trajectory. The report encompasses current and historical market performance, market structure, and critical success factors impacting the sector’s landscape. It also provides an analysis of the past market growth in relation to fundamental drivers such as government support, long-term interest rates, disposable personal income, household size, contributions from the housing finance industry, GDP growth, increasing industrialization, and competitive structure. Based on these factors, the report offers a forecast for the Indian real estate market's future performance.
