2012 to 2016: New demand for Chennai Residential Dwellings 2,57,796..!


The total new demand for residential dwellings during 2012 to 2016 will be 11.8 million houses Pan India, according to real estate consultancy Cushman & Wakefield. (C &W)

Of this demand, top 8 cities will account for 18% or 2.1 million units across categories.

The annual report "Evolving Paradigm – Future of Indian Real Estate" has been bought out in association with Global Real Estate Institute (GRI). The GRI is a global club of senior real estate investors, developers & lenders.


Of the demand in the top 8 cities, the requirement in middle segment is estimated to be highest at about 59% or 1.3 million houses, followed by demand in the high-end segment which is 4,51,000 houses. The low end housing demand is expected to be 3,62,000 over the next 5 years.

The total demand for housing units is expected to increase at a compounded annual growth rate of 2.8% pan India, with Bengaluru expected to record the highest demand growth of 4.1% followed by Pune & Hyderabad.

NCR is likely to see the highest demand of 3,81,000 units in middle and high end segments during 2012 to 2016.

Other cities are..

Bengaluru     3,38,546 houses

Chennai         2,57,796 houses

Hyderabad    1,99,575 houses

Mumbai          1,88,708 houses

Ahmedabad  173,394 housee

Pune               1,44,422 houses

Kolkata           77,000 houses



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