...have now become the mantra for Indians whose eyes, till yesteryear, dreamt only of castles in the ‘air’!

IIPM PUBLICATION
Talk about a sector that will increase by 316% in value over just the next four years and we have some attention from all corporate honchos alike. Yes, it’s the ‘Realty’ we are talking of here and the projections are real for that matter! This sector is forecasted to become a $50 billion hot property by 2010 and is poised to touch an astounding $180 billion mark by 2020; and all this from the current valuation of a modest $12 billion.

The demand for office space, housing and all industrial and entrepreneurial ventures is at an all-time high, thus resulting in a demand supply disequilibrium. And if you thought that this is just a fad, you’re dead sure wrong! Even in the near future the situation is most unlikely to change and the only element that will witness a change (a high appreciation would be a better word) is the constantly escalating price. During the last decade, real-estate sector saw a robust compound annual growth rate (CAGR) of 15%. According to a research report released by Deutsche Bank, India will need as many as 10 million new housing units every year from the year 2030 – and that’s demand personified!

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

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