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“Problems affecting the largest number of people has the least attention paid to it. “
Aristotle
Current status: Available 170 million house, a shortage of approx 30-55 million. In next
Returns from realty in India are at an average of 14% annually. Merrill Lynch
forecast India real estate sector to grow from $12 billion in 2005 to $90 billion in
2015. Housing is expected to account for nearly 90% of real estate sector.
2001 and it is expected to grow faster than rural. In 2001 more than 5000 centers
identified as urban centers – 2001 census.
By 2015, 20% (222 million) of total population will reach the 22 early 30 age
bracket. Keeping 0.89% mortality rate and average size of household equal to 3,
Housing shortage in India: Total housing shortage for period 2007-12, 73.96
6. Obsolence Factor
This considers the number of houses which have become obsolete over the time increasing
the need of new houses to replace them. The obsolence factor as per the estimates of
Technical Group on Estimation of Housing Shortage (2006) is 3.60% of the acceptable
housing stock and the total obsolete urban housing stock estimate is 2.39 million units.
Market Scenario
Ascending Housing Finance penetration in both urban (currently 35%) and rural
prices
• Disbursements in the last 3 years account for ~71% of the total outstanding
portfolio
by FY ’12
The housing dreams of the Indian middle & lower income groups,