Released on = November 24, 2006, 2:47 am

Press Release Author = RNCOS

Industry = Industrial

Press Release Summary = Housing Sector in India is likely to witness a revolutionary
change from an earlier phase of seemingly stagnant demand to a period marked by
rapid increase in housing demand.

Press Release Body = Indian industry body, ASSOCHAM, asserts that housing demand is
poised to see a growth of around 80 Million for the lower-income and the
lower-middle income groups. Housing Sector in India is also likely to generate
around 4 Million new jobs within a decade with a whooping investment of US$ 670
Billion. It's also expected that housing and real estate sector will undergo a
revolutionary transformation to grow at around 14% annually. Presently, the
contribution of Indian Housing to the country's GDP is modest at less than one
percent.

It was also estimated by a research firm that by 2010 the demand would further grow
to a massive volume of around 400 Million Units. This will necessitate a minimum
outlay of US$ 890 Billion. There is a shortage of more than nearly 20 Million
housing units in India and this is a positive sign of the untapped opportunities for
this sector.

RNCOS' recent report "Opportunities in Indian Housing Sector (2006-2007)", talks
about the Housing and real estate industry and its impact on the other sectors of
the economy. Experts highlight that for every unit added as expenditure, there are
rippling effects on income generation capacity, with an increase of approximately
400%. Looking at the impressive pace of the Indian economy in general and housing
sector in particular, it can be fairly concluded that the housing sector will grow
at around 14%. The sector will also contribute to employment generation with a
capacity of creating roughly 3.2 Million new job opportunities in the coming decade.

The research report also addresses the issues and facts that are critical to
business success:

- The factors contributing to the growth of the Housing Industry in India.
- The regional distribution of housing demands by the year 2010.
- The reasons for slower growth of housing sector in India.
- The role played by housing finance companies in India.
- The share of India in Asia's Real estate industry.

RNCOS' "Opportunities in Indian Housing Sector (2006-2007)", report provides
extensive research and objective analysis on the growing housing industry, its
components and the supporting financing structure.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

For more information visit: http://www.rncos.com/Report/IM076.htm

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