The housing demand in top 30 cities was estimated at 4.9 lakh units during 2009 which projected a growth of 17% in 2010 to 5.8 units aided by economic growth, investments, customer confidence and increased affordability. This simply rules in that demand for housing is only going to grow in coming times at a steady pace until 2014.
Forcasted demand is seen at 6.8 lakh units in 2011 (18% growth over 2010), about 8.1 lakh units in 2012 (19%), 9.8 lakh units in 2013 (near 20%), and 11.8 lakh units in 2014 (about 20.6% growth).
The 30 cities include large macro markets such as NCR, Mumbai, Bangalore , Chennai, Pune, Hyderabad and Kolkata as well as smaller cities such as Ahmedabad, Jaipur , Cochin and Nagpur
As per Global real estate consultant, “The pan-India residential demand for the period 2010-2014 is estimated to be about 4.25 million units (cumulative), of which mid-range and affordable sectors continue to capture a significant share of 70%“
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