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Property Forum

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Dalal Street

Residential Comprises 60% of Indian Property Market

Friday, March 15, 2013

The residential sector will continue to account for more than 60% of Indian property market in terms of construction activity, sales & revenues and investments. Anuj believes there is perennial need for residential development in India within the sweet spot of Rs3mn to Rs10mn per apartment (up to Rs20mn for Mumbai alone). All supply within this price bracket has seen robust sales.

 Mumbai - Analyst foresees an oversupply in resi space in Central Mumbai as more than 5,000-6,000 units (starting price of USD750k/unit) have been launched with promised delivery over next 4-5 years

Gurgaon market has puzzled all with its relentless robustness in the residential sector. This can be attributed  to rising aspirations of property ownership from 5 neighboring states for educational & medical reasons, significant presence of speculative monies, improving infra and affordable pricing (units < Rs12mn).


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