By Accommodation Times Research
Since 2007, Real Estate have received 50 Lakh crore investment. This much investment is likely in next five years as Prime Minister has a dream project on card as “Housing For All” in 2022. The rapid investments and flow of almost US$24 Bn into housing have made the sector most sun shine sector. Growing demand for residential units have touched almost 47 million dwelling units as family size have reduced to 4.6 in 2011 from 5.7 of 2001 Census.
Rapid urbanisation and new cities on cards with migratory trend enhancing to new level. Homes on outskirts are more in demand for cheaper option as compared to home units at city centre. The Capital market penetration into real estate is game changer move. The gross output of India with PPP model ans well as Private model combined is producing almost 2 million homes every year. “Housing on Demand” just like a telephone line will be possible by year 2025.
|ID-14: Table> Investment Requirement for Housing during 5 Year Plans|
|(Amount in Rs. crore)|
|Five Year Plan||Public||Private||Total|
|12th (2012-17)||16,01,061 (Centre)||26,83,840||`27,75,641|
|· estimated figures as per the Plan Document|