NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/07/12 - Prefabricated homes demand is anticipated to grow at a CAGR of around 30% during 2010-2014, says RNCOS in its latest research report - RNCOS.com.
As per our new report “Indian Housing Sector Analysis”, residential market in India is the most important segment of the booming real estate sector. The demand for housing has increased stability with the rising prosperity and economic growth in India. Moreover, with the improvement of infrastructure and availability of high quality facilities that are comparable with those found elsewhere in the world, residential property in India is witnessing increasing demand for people who are interested in investing in this sector.
As per our research, prefab or pre-engineered building solutions are quickly gaining ground as a fast, easy, and cost-effective way to construct anything from a simple cabin in inhospitable terrain to a large multi-storied condo in a metro city. India holds immense potential for the Prefab building industry. They need no on-site fabrication or welding, and can simply be bolted together as per specifications. The greatest advantage of Prefab building is that the time taken to complete a project is reduced by almost half. Consequently, we anticipate that the pre-engineered buildings market in India will grow at a CAGR of around 30% during 2010-2014.
Further, our report reveals that presently, affordable housing has the highest demand in the country. It is basically targeting at economically weaker classes and low income groups and constitutes majority of the Indian housing industry, in terms of both value and volume. However, medium housing segment is also witnessing tremendous growth, especially in Tier-1 and Tier-2 cities. Besides, luxury housing is expected to witness significant growth in the coming years as this market segment is comparatively quite small and holds huge potential for further developments.
Our report “Indian Housing Sector Analysis”, provides detail analysis of the housing sectors in India. It provides thorough insight into each of the housing segments, such as affordable housing, luxury housing, and medium housing. The report also presents future outlook considering the effect of global economic crisis on the housing sector of the country, base drivers, opportunities, and challenges that the housing sector is facing. Additionally, the report has identified key players in the market and included their detail business description along with their recent activities.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.