Housing demand in India is projected to grow more than threefold and reach 93 million units by 2036 spurred by robust demand and supply in several tier-II and -III cities, according to Confederation of Real Estate Developers’ Associations of India (CREDAI). With the government planning to set up smart cities, along with increasing commercial activity in emerging regions of the country, it is expected that the next wave of real estate growth will stem from tier II and III markets. Housing inventory at the end of the December quarter totalled 10,42,195 units declining 3 per cent sequentially but rising 2 per cent from a year earlier.