The most dynamic and bright sector of realty sector in India is the housing industry. Housing industry in India has witnessed a tremendous growth in past few years with the entry of various real estate developers, demand of residential property and availability of finances. The main factors responsible for this growth arerise in income level, large population and fast growing urbanisation. According to a research report, it is expected that the housing construction will soon take over the contribution of industrial sector in term of Gross Domestic Production growth in the coming years.
The global economy is going through a bad phase in terms of growth but housing sector in India seems to be unaffected as it witnesses a double-digit growth. The affordable housing segment in the coming years is likely to account for mass of demand for housing. The demand for affordable housing is expected to grow at a CAGR of 13 per cent during 2011-2013. Currently affordable housing is targeting the sector which is economically weak and low income. Indian Housing Sector analysis displays a detailed report of housing sector analysis in India. It also presents analysis of each housing segment such as medium housing, affordable housing and luxury housing.
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