Global real estate consultant Cushman & Wakefield estimates that the urban affordable housing segment currently presents a USD 11.8 billion (INR 75,800 crore) opportunity for the private sector. At a time when the Central government is placing strong emphasis on the ‘Housing for All by 2022’ initiative, Cushman and Wakefield expects the strong demand pipeline in the top seven cities to drive the private sector’s participation in creating affordable housing.
Hyderabad 28th February 2015: The Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body for private real estate developers in India is feels that the sector has not got the desired position of importance in the budget for the fiscal year 2015-16.
Cash-rich is a term that aptly defines Shriram Properties as the company has been in the news for the huge amounts it has received as investments! Part of the Shriram Group since 1995, it has an extensive presence in Southern India and is developing a township in Kolkata.
Home Build Tech, with the core values of innovation, excellence and quality, has evolved from just an idea into an enterprise, aimed at customer satisfaction through its world-class services and products.
One of the largest employers in India, the real estate sector has been the backbone of the economy. An apex body for private real estate developers in India, the Confederation of Real Estate Developers´ Associations of India (CREDAI), established in 1999, brings together over 11,500 real estate developers from 156 city chapters across 23 states of the counrty.
NBCC is a blue-chip Government of India, Navratna Enterprise under MoUD. Established in 1960, it operates on a unique business model with three primary segments: PMC, Real Estate and EPC. To tap infrastructure projects in the Gulf, the company has opened an office in Oman.
Post the economic downturn in 2008, the real estate industry came to a standstill with subdued demand and almost no investment in the sector. Even a few years after 2008, the sector just about managed to stay afloat.
The Union Budget 2017-18 was announced with the theme of Transform, Energise and Clean India (TEC), was largely geared towards rural growth, infrastructure, and poverty alleviation, with a huge impetus to affordable housing. The thrust on affordable housing renews the government’s vision of ‘Housing for All by 2022’, giving a cheer for the housing segment.