Affordable Housing Gaining Traction - Chart Of The Day 15 July 2017 - Equitymaster
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Affordable Housing Gaining Traction
Jul 15, 2017


One of the interesting themes that markets have been betting on for some time is affordable housing. As per a report by realty consultant and adviser Knight Frank India Pvt. Ltd, the affordable housing segment has seen a substantial increase in new launches in the first half of 2017. Across eight large cities, homes priced below Rs 5 million comprised about 71% of the total launches between January and June 2017. This was 52% in the corresponding period in 2016.

With India's high growth in population and massive migration from small towns and cities to metros, affordable housing has assumed a significant place. Increasing middle class, increasing urbanisation, a renewed focus on the sector by the government and rising income and aspirations are all key demand drivers in the affordable housing story.

But is it a good time to invest in real-estate companies?

Despite good prospects, investing in real estate companies is risky. Debt-ridden balance sheets, an uncertain regulatory environment, and project delays create uncertainty in this space.

We believe there is an indirect and relatively safer way to bet on the sector. Last year, The India Letter team recommended a housing finance company that is set to ride on urbanization megatrend. The regulatory and demographic tailwinds are further set to strengthen this megatrend in the coming years. Click here for more details...

Data Source: Knight Frank India, Mint

This Chart Of The Day was published in The 5 Minute WrapUp - Ride the Bull Wave with These Perfect Proxies to India's Growth Story

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