Lewes, DE -- (SBWire) -- 02/09/2016 --Report forecast the affordable housing market in BRIC to grow at a CAGR of 7.22% during the period 2016-2020.
The BRIC countries have a large and growing middle-class population with increasing disposable incomes. Affordable housing provides the middle and low-income population with the opportunity to own independent houses. Also, the governments in these nations provide benefits such as tax incentives to promote affordable housing development. The PPP model for the construction of affordable housing is also gaining popularity in BRIC countries. It helps developers utilize the land available with the government for multiple purposes, besides helping them get fast and easy approvals. Demand is far outstripping the supply of such housing.
The report covers the present scenario and the growth prospects of the affordable housing market in BRIC countries for 2016-2020. To calculate the market size, the report considers the expected demand for new units across BRIC countries during the forecast period.
The market is divided into the following segments based on geography:
- Russia
- India
- China
According to the report, with BRIC countries accounting for nearly half of the world's middle-class population, the demand for affordable housing has assumed critical implications in these countries. The banking sector in these countries is also fueling market growth by providing easy access to loans and offering funding for affordable housing at reasonable interest rates. Along with these economic developments, socio-cultural factors like the growing number of nuclear families in India are also contributing to demand for affordable housing.
Further, the report states that low-rise residential buildings and commercial complexes are being developed on the same plot because of unfavorable land management policies, resulting in lower income for developers. Titling issues and lack of awareness about property rights also adversely affects the construction of affordable houses.
Affordable Housing Market in BRIC Countries 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Affordable Housing Market in BRIC Countries: Ansal Housing and Construction, Brookfield, China State Construction Engineering, CITIC Construction, Etalon Group, Gafisa and LSR Group.
Other Prominent Vendors in the market are: AFI Development, Capital Group, China Properties Group, China Vanke, Coastal Greenland, Fantasia Holdings, Godrej Properties, Greentown China, KWG Property, MirLand Development Corporation, PIK Group, ROSE GROUP, Shanghai Forte Land, Shapoorji Pallonji Engineering and Construction, Sino-Ocean Land, and Tata Housing.
Market driver
- Demand for affordable housing
- For a full, detailed list, view our report
Market challenge
- Haphazard project management
- For a full, detailed list, view our report
Market trend
- Adoption of PPP in affordable housing
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 36 pages and 10 Exhibit "Affordable Housing Market in BRIC 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by country, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
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