Facts of Real Estate India 2015

Here are some facts and figures, for the India Real Estate in 2015, which will surely be a

surprising one for many of you.

There are some facts and figures related to Real Estate in India as of 2015. Some of the facts are

eyebrow raising, while some are just for the information. Here are the facts:

There is a shortage of around 19 million Houses in India

Even, the shortage is around 19 millions; the number of houses lying vacant is around 10. 2

millions

Around 56% of the shortage of houses is from EWS Class (Economically Weaker Sections).

This EWS Class have salary up to 1 lacs annually

Around 40% of the shortage of homes in those 19 million is from lower Income Grade

Sections

The class of LIG or Lower Income Grade is for the people having their salary from 1 Lacs to

2 lacs annually

The shortage of houses comprises states like Uttar Pradesh, Maharashtra, West Bengal,

Andhra Pradesh, Tamil Nadu, Bihar, Rajasthan, Madhya Pradesh, Karnataka and Gujarat

mainly

These states comprises around 76% of shortage of houses

There are several reasons for the supply and demand. The paucity of formal housing

options low-income population with low affordability levels is one of the biggest reasons

for the same

The lack of access to formal credit along with high priced home loans and debt, leave most

of the people with little more than squatter colonies, urban slums and unauthorized

settlements by way of affordable accommodation options

Thus on the whole we can say that the needs for the cheap and affordable Residential Schemes are

in high need. With such a great shortage of the flats in India and mainly in EWS and LIG Class, the

need is to develop the flats at affordable price for these sections.

Wish Empire

S-220, Time Square, Central Spine, Vidhyadhar Nagar, Jaipur-302023

www.wishempire.com 0141-5115221 we@wishempire.com

Date: 4th May, 2015