Knight Frank, a property consultancy firm, has come up with a report based on extensive research. The report says that India will witness a supply of 1,38,000 residential units in 2010 which is 57% more than the supply seen in 2009. NCR would contribute 25% alone, Mumbai 20%, Hyderabad 15%, Pune 14%, Bengaluru 10%, Chennai 9% and Kolkata 7%
The study also reveals that the developers are now focusing on the middle income segment with upto 3 bedroom-hall-kitchen units rather than 4&5-BHK units some years back. The report estimates that in future 75% of the residential units will fall in this middle segment.
Keep reading the posts for more trends. Happy Housing :)
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