National Conference on “Affordable Housing for all” will be held on

21st & 22nd April, 2008 at Main Auditorium of India Habitat Centre,
Lodhi Road, New Delhi – 110003

Present Housing Scenario

Indian Housing and real estate sector, in last 4-5 years, has registered an annual growth of 25-30 percent when economy has been growing at 8-9 percent at the back of the impressive growth of infrastructure, manufacturing and services sectors. Hundred percent FDI, through automatic route, allowed in housing, built up infrastructure and construction development, together with rising investors confidence and lucrative return, have made housing and real estate sector attractive and investment friendly for NRIs, Foreign and  Domestic investors. Around US $ 10 billion has already been committed in the sector by foreign equity and institutional investors and another US $ 30-40 billion is in the pipeline. By 2015, a total of US $ 50 billion of foreign investment is expected to flow into the Indian Realty Sector.

Growing and Globalised Indian economy has put pressure on quality residential, office and retail spaces and demand for housing units and commercial spaces has increased because of rising income and demographic changes.   Approx. 25 million housing units, mainly of low-income groups, are already deficient.   It is estimated that nearly 40 million housing units, 150 million sqft office space and 220 million sqft retail space besides 1.5 lac hotel rooms and 4lac hospital beds, at a combined investment of US $ 150 billion, would be required in next five years. Investment on infrastructure development during the same period is estimated to be around US $ 500 billion.

Metros, which have been centre of attraction sofar because of their better infrastructure and spending power, have got saturated and real estate prices risen many fold in last few years making way for the development of Tier II & Tier III  Cities, New Townships and SEZs.

Potential, thus, for housing and real estate development in India is huge and a transparent, regulated and hasselfree environment would help speed up the development. Central and State Governments  have taken many steps to transform and regulate the sector and meet the demand of social housing but still there is lot to be done to achieve the goal of housing for all and meet the shortages of office and retail spaces, hospitality and health care etc.