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Jeet B Bhayani (SEBI RA)

7th Nov · SEBI-Registered Analyst

A report from the Confederation of Indian Industry (CII) and Colliers indicates that housing prices in India are anticipated to increase annually by 5-10% in the coming years, backed by robust demand fueled by a burgeoning working-age demographic, urbanization, and increasing incomes. Residential demand is expected to hit approximately 500,000 units per year by 2030 and may increase to one million units by 2047. This expansion will be driven by positive demographics, rising household incomes, and encouraging housing policies. Affordable housing is anticipated to maintain consistent demand as the median age correlates with homeownership patterns. Simultaneously, the growing elderly demographic is expected to increase the demand for retirement communities. The market for luxury housing is expected to expand, fueled by an increasing population of high-net-worth individuals and heightened interest from non-resident Indians investing in real estate in India. Enhanced infrastructure, government support, and rising confidence in trustworthy developers will bolster sustained growth in real estate. Tier-II and tier-III cities, along with emerging spiritual centers, are becoming appealing residential locations because of urban growth and infrastructure development. Urban redevelopment initiatives in cities such as Mumbai, Bengaluru, and Delhi-NCR, backed by innovative zoning regulations and transferable development rights, will address demand-supply disparities and enhance urban environments. The report forecasts that India's real estate sector might expand from the present Rs. Rs. 26,59,800 crore (US$ 300 billion) to

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