Last updated: Jul, 2012
India has emerged as one of the global investment hotspots. The main economic drivers are sustained high levels of output growth and rising disposable incomes, which are fuelling an era of consumerism. This is further expected to boost the real purchasing power of an average Indian consumer.
Experts believe that together with the rise in purchasing power and disposable incomes of the consumers, demand for affordable housing may also witness a growth in the near future.
The potential market size for affordable housing in urban India is forecasted to grow 1.5 times from an estimated 25 million households in 2010 to 38 million in 2030. The public-private partnership (PPP) model can be effectively used to tap this opportunity in the Indian affordable housing market.
A multitude of strengths and opportunities support the cause of affordable housing in India. Significantly, not only are the buyers and suppliers interested in promoting this market, but policymakers too have emphasised the need for affordable housing.
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Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.