Housing construction led tailwinds:
-India's population is growing at 1% p.a.
-At this rate a bare minimum of 1 Cr new houses are needed each year.
-As incomes rise, the family size is decreasing and size of accomodation is increasing.
-India's population is growing at 1% p.a.
-At this rate a bare minimum of 1 Cr new houses are needed each year.
-As incomes rise, the family size is decreasing and size of accomodation is increasing.
-Family size reducing from 4.6 to lower, size of residential unit increasing by 2% annualy from 460sqft.
-Residential construction is about 15% of India's GDP, even a small uptick versus the steady state trend in activity brightens the prospects of India growth.
-Residential construction is about 15% of India's GDP, even a small uptick versus the steady state trend in activity brightens the prospects of India growth.
-Better wages, low interest rates and stable household spends aid this activity.
-If one were to choose only one varible that can change India's growth trajectory, its housing construction.
-Some signs visible that it can pick up pace.
-If one were to choose only one varible that can change India's growth trajectory, its housing construction.
-Some signs visible that it can pick up pace.
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