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adicate slums in urban areas which may result in higher stock addition.

Table 1: Industry Phases

Industry Phases

Phase I

2001-2005

Initial Growth Phase

Phase II

2006-2008

High Growth Phase

Phase III

2009-2010

Declining Demand Phase

Phase IV

2011-2015

Consolidation Phase

Source: CRISIL Research

Urban Housing Stock is expected to add 2.0 million units per year and grow at a CAGR of 2.6 percent in phase IV. Urban housing stock had increased at a CAGR of 2.9 percent during phase II and at a diminished CAGR of 1.9 percent during phase III due to weak demand resulting from the economic slowdown.

Table 2: Average annual additions to Urban stock (million units)

Average Urban Annual Stock Addition

Phases

Average Annual Stock Addition

Phase I (2001-2005)

1.3

Phase II (2006-2008)

1.9

Phase III (2009-2010)

1.3

Phase IV (2011-2015)

2

Source: CRISIL Research

Fig. 1: Urban Housing Stock

Source: CRISIL Research

Indicative Size and Potential of Affordable Housing in India:-

Table 3: Demand Estimation of Households in India

TIER I,II and III Demand Estimation (By number of households)

Housing Category

Income Class (INR Million p.a)

No. of households- 2009-10 (Millions)

Value of House (INR Million)

Avg. Apartment Size (Sq.ft)

Low Income

0.2-0.5

8.3

1-2

400-800

Mid Income

0.5-1.0

3.5

2-4

800-1000

Higher Mid Income

1.0-2.0

2.2

3.5-8

1000-1300

High Income

2.0-5.0

0.9

7.5-20

1250-1750

Luxury

5.0+

0.4

20+

2500+

Source: KPMG Analysis Report, 2010

According to KPMG Analysis Report the total households required in the country are as under:

Nearly 12 million households (owned / rented) in the INR 0.2 – 1.0 million per annum category.

4– 5 million of these are in urban areas assuming 34 - 40 percent urbanization.

2.1 million houses required in seven major cities alone for LIG and MIG population.

This translates into a potential opportunity of close to INR 3 trillion.

Including the EWS category, this number more than doubles to INR 7.5 trillion.

Housing Shortage in Urban India:-

Despite a rise in housing stock over the years, a substantial shortage of housing units exists due to increase in demand during phase II. Urban Housing Shortage has increased by 29 percent, from 15.1 million units in 2001 to 19.6 million units in 2010 because of

Migration

Increase in nuclear families

Urbanization

CRISIL Research expects housing shortage to de本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。