RNCOS White Paper: India Affordable Housing Market

NOIDA, India - Oct. 18, 2017 - Rezul -- India is a country with huge diversity in demographic & income and one of the fastest growing economies in the world. The country houses over 200 Million middle class people and house is the fundamental need. Apart from this, significant distribution of lower middle class and economic backward section is also part of the urban and rural population.

India has seen whopping growth in its population and migration to cities has become a continuous process. This requires large number of houses to accommodate this migrating population and Indian cities are left with abundant demand for houses and significant shortage for the same. On the country level, there is a shortfall of over 18 million housing units and 96% of which is among Economically Weaker Sections (EWS) and Lower Income Groups (LIG) people. The shortage of urban housing is expected to grow at a CAGR of 6.6% till 2022.

RNCOS has identified top 5 states for affordable housing, where Maharashtra alone had a shortage of around 1.2 Million houses and demand of 1.6 Million houses in 2015. Emphasizing on potential of this industry, Shushmul Maheshwari, CEO – RNCOS "growing urbanization and consistent rise in middle class population coupled with an increase in their income have been the major growth drivers of Affordable Housing Market in India. He also highlighted "the policy announcement like credit- linked interest subsidies aimed at making housing loans a viable option for the EWS sections of society and slum rehabilitation and redevelopment through private developer. These developments are expected to benefit affordable house manufacturers. "

More on Rezul News

• Finalists Named for Beaufort International Film Festival 2019
• Innovia Co-op Member Appointed To Foundation Board Of Directors
• Bruce Ginsberg Ranks Among Top RE/MAX Commercial Agents
• Amy Worth Installed as President of Realtor Board
• Investec Real Estate Companies Acquires Regional Shopping Center in Ventura County
• New Accounts Team Member for Napier Management Services
• Hanley Investment Group Raises $25,000 for Movember, Totaling $212,000

Our analysis suggests that Governments continued focus to provide housing to all by 2022 is anticipated to drive affordable housing in India. Metro, Tier II and Tier III cities will witness substantial housing construction owing to strong policy support like Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Pradhan Mantri Awas Yojna (PMAY) coupled with rising disposable income among EWS, LIG and Middle Income Groups (MIG) segment.

Growing housing demand is providing huge opportunity to construct houses for EWS, LIG and MIG customer segments in the next few years, which will stimulate the growth of the industry. RNCOS acts as your growth partner in all your business endeavors, be it product launching, geographic expansion, sales improvement, distributor/retailer tie-ups etc. We help to make your business flourish by studying the market dynamics, collating with you business and devising the right strategies.

To get a complimentary copy of the white paper, please click: http://rncos.viewpage.co/Affordable-Housing-in-India

More on Rezul News

• New Single-Tenant LA Fitness in Temecula Trades for $13 Million, 6.13 Percent
• Crypto Exchange Platform from Romania
• New Millennial Approach To Fashion: Personal Styling Online
• Chain-bar – The Revolutionary Social App Links Blockchain Investors Together
• Lennar's The Heights at South Cooper Mountain Is Coming Soon to Beaverton!
• Models Now Open at Lennar's Eclipse at Eastmark!
• DIY Tax Preparation Company Launching IOOGO TAX January 1, 2019

Check Related REPORTS on: http://www.rncos.com/Other-Industry.htm

ABOUT RNCOS

RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.