Growth
drivers
Urban housing shortage:
According to the White
Paper - Indian Housing
Industry – by research
and consultancy firm
RNCOS, the shortage of
urban housing across the
country could increase to
an estimated 3.41 crore
units by 2022, mainly on
the back of a demand-
supply gap and rising
levels of income among
the working class seeking
to purchase houses.
Besides, migration of the
working-class from rural
to urban areas is also
generating a demand for
affordable housing.
Housing for All:
The
programme proposes
to build around six crore
homes by 2022 – four
crore in rural India and
two crore in urban India.
Smart Cities:
The
Central Government
has selected 20 cities
to launch its large-scale
urban makeover plan. It
proposes to invest
`
50,802 crore in these
cities in the first phase
of an ambitious plan to
set up 100 ‘Smart Cities’.
The Union government
recently announced an
additional 13 cities that
will be developed under
the Centre’s ‘Smart City
Mission’, taking the total
tally to 33.
Real Estate (Regulation &
Development) Act, 2016:
The recently-passed Real
Estate Regulator Act is
expected to facilitate a
timely completion of real
estate projects.
Going forward, the Indian tile industry is
expected to register robust growth; this
optimism is based on important realities
and investment-inducing Government
policies that promise to increase business
opportunities, especially for the Indian tiles
sector, over the medium - term.
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