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The real estate sector in the country will experience a prolonged and stable demand During the seven cities that make up the largest portion, said Prabhakar Sinha

The real estate sector in the country will experience continued strong demand. According to a report global real estate consultancy firm Cushman & Wakefield, the demand for residential and India Tray for 2009-2013 would be about 7.5 million units and office space in square feet 196 000 000

The Cushman & Wakefield href = "http://www.zameen-zaidad.com/default.aspx"> India Real Estate Investment 2009 report of survival in the Indian real estate sector Renaissance towards recovery in the demand estimates of the retail space of approximately 43 million square feet, while the hotel sector is expected to see a demand of about 6,90,000 hotel nights in the same period.

According to Anurag Mathur, Managing Director C & W, India, although the high growth trajectory last year marked a setback for the global economic slowdown, the strong linchpin economic growth, low exposure to the intervention of the state debt and help the industry gradually return to the road to recovery and strong evidence of demand for property in all sectors.

Demand for residential pan-India is estimated at over 7.5 million units in 2013 in all categories of housing units, 85% is expected in the middle segment and the segment of affordable housing, the report said. The Total demand is expected across India, 60%, equivalent to 45 lakh units, is generated in the 7 major cities (see chart). Mumbai is expected to attend the most repressed demand of 16 lakh units in 2013, followed by the National Capital Region is expected to see demand of 10.20 units lakh in the same period. This means that on average each year, demand for two lakh units. This is much as expected supply in the region.

According to the report, housing demand will continue to grow year after year. The total housing demand in all the seven cities will increase from 11.96 lakh units in 2009 to 13.32 lakh units in 2010 units and 14.86 lakh in 2011. The figure will rise to 16.63 lakh units in 2012 and 18.64 lakh in 2013. Bangalore and Hyderabad are expected to see the highest compound annual growth rate of 14%.

The total demand for office space is planned than 196 million square feet during 2009-13, of which it is anticipated that approximately 42% is generated in seven cities.

According to the report of C & W, despite an office market should see a drop in demand in 2009, with an expected intake of 27 million square feet, the period of 2010 will experience demand markets with a healthy annual growth of 19% from 2009 to 2013. The commercial office market in India is likely to lead to a more demand balanced supply situation in coming years. The increased demand over the next five years in Bangalore is expected to 34 million square feet, followed by Chennai at 27 million sq. ft. This increased demand is due mainly to improved economic conditions, feelings positive confidence and market growth companies.

Retail trade is expected to see a demand of about 43 million square feet, mainly concentrated in seven cities. Bangalore increased demand of about 6.8 million square feet, but Pune should have the highest compound annual growth 51% over the next five years. The demand for the hospitality sector is expected to see an increase and should be about 6, 90,000 hotel nights between 2009-2013. NCR and Mumbai are expected to see increased demand due to higher volume of business travelers from these cities. About 35% or 2,42,000 nights demand for bread and India for the hospitality which should generate in the three cities, Due to various initiatives taken by the Indian government to promote business and tourism in these places.

Mathur wrote: While the upcoming Games 2010 Commonwealth have been driving the demand for the key segment of hospitality in the NCR, the increase in demand for offices in the suburbs is also likely to play a role is driving the demand for rooms at night. Factors such as increasing urbanization, the growth income, relatively high disposable income can positively affect retail demand and residential area.

NCR is expected to see a higher demand in the hospitality sector, given its growing importance as a commercial and political center. The maximum increase in demand the hotel industry should be known in 2010 during the Commonwealth Games. An application under retail at 66.6 million square feet in 2013 and demand for housing in the same period should be about 10.20 lakh units. Demand for office space, on the other hand should be about 25 million square feet

Mumbai is expected to see increased demand for residential space of about 16.40 lakh units due to urbanization large scale. Half of the scale and affordable housing in suburban and remote areas will be subject to this trial. However, demand for office space would be approximately 23.7 million square meters, which is lower than in Bangalore, Chennai and NCR. The demand for entertainment in Mumbai should be strong over 98,500 hotel nights, by the fact that the city is considered the financial capital of India and thus the volume of passengers business and foreign nationals is expected to grow steadily. Demand for the retail sector should be 6,190,000 square feet

In addition, Pune is expected to see the highest compound annual demand growth of 51% of retail today because of the favorable demographics. Total demand scheduled to retail in Pune is about 1.76 million feet of office demand square in Pune should be 21.7 million square feet

Bangalore is becoming a clear preference for sectors such as offices and shops, among them comes as a close third place in the residential and hospitality segments. Bangalore is expected to see growing demand for office space over the period 2009-2013 of approximately 34 million square feet The expected recovery of the IT / ITES sector would have a positive effect on demand in Bangalore, the place of choice for many IT / ITES business. Retail demand should also be the most high in Bangalore with about 7 million square feet, while demand for housing is provided which is approximately 5, 70,000 units during the period 2009-2013, the annual growth rate of more than 14%.

Chennai is likely to attend the second high demand for office space after Bangalore, approximately 27.2 million square feet in 2013. Good infrastructure, high quality construction and price competition would be the main reasons location to see strong demand from business sector. Hyderabad is scheduled to attend an office demand of 16.6 million square foot Hyderabad Residential demand is expected to be 2, 90000 units, such as Bangalore, is expected to see the highest compound annual growth rate of 14%.

Expect to see a Calcutta asks 9 million square feet of office space, while retail should be a healthy 4.15 million square meters residential space demand is expected to 2,90,000 units, while demand for entertainment should be about 24,869 nights hotel.

Courtesy: – TOI dt – 26/09/1909

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