Saturday, 22 October 2011

Affordable homes as lucrative investments

Migrants from India are looking at investing in affordable homes in India. Owning a home while working away from home is in their priority as is evident from the encouraging response to several projects that are on display during property shows held abroad.
A survey by Cushman & Wakefield has estimated the housing demand to be over 2.3 million units across major cities in the next five years - between 2011 and 2015. While the supply level is estimated at one million units, the shortfall will be 1.3 million units. The report analysed demand for the top seven cities - Bangalore, NCR, Mumbai, Chennai, Hyderabad, Pune and Kolkata.
Read the full report here