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Amit Sinha
Indicus Analytics
Thursday, 30 October 2008 11:04
The Housing Skyline of India estimates the demand for housing units in the top
30 cities to grow by 6.36 million units during the next 7 years leading up to 2015.
The current stock of housing units in these 30 cities is estimated to be 25 million
units, which implies a growth in housing stock of over 25% within 7 years.
Demand between 2008 and 2015
Demand for
Demand for Demand for
Total Demand Plinth Area
Plinth Area Less Plinth Area More
for Housing Between 500-
than 500 Sq ft than 1000 Sq ft
1000 Sq ft
Top 10 cities
(alpha) 3,548,000 1,212,000 1,151,000 1,186,000
Next 20 cities
(beta) 2,815,000 930,000 921,000 965,000
Top 30 cities
(alpha + beta) 6,363,000 2,142,000 2,072,000 2,151,000
Current Stock
Current Housing Current Housing Current Housing
Current Housing Stock - Plinth Stock - Plinth Stock - Plinth
Stock Area Less than Area Between Area More than
500 Sq ft 500-1000 Sq ft 1000 Sq ft
The entire exercise was validated at various stages using a primary survey of
households on income, demography, financial habits and housing conditions
conducted in July 2008. Secondary data such as housing stock estimates from
NHB, proposed construction data from various housing boards, etc. were also
used to cross check estimates at various intermediate steps.