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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