India’s Real Estate Potential
Current real estate market size in India is estimated to be $12 billion (2004-05). the expected growth rate for this market is 33% to reach $50 billion by 2010. Indian real estate does not have any direct exposure to the US subprime credit market.
Segment wise growth in the next five years:
- Office space: 5 times increase in office space in the next 5 years
- Retail: 200 million sq. ft. for organized retail by 2010
- Hotels: over 50,000 new hotel rooms to be added in the next 5 years.
- Residential : Current shortage seen at approximately 19.8 million housing units
Source (moneycontrol)
Posted by India Property News Admin
on Friday, September 28th, 2007. Filed under News.
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