印度住宅房地产行业市场前景及投资研究报告-培训课件外文版2024.6万达万科恒大碧桂园

INDUSTRIES

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MARKETSResidentialrealestateinIndiaCHAPTER

01OverviewSizeoftheglobalrealestatemarketin2021,withforecastsfrom2022to2030(inbillionU.S.dollars)Realestatemarketsizeworldwidein2021,withforecastsupuntil2030161414.61413.512.912.411.91210811.310.7109.5642020212022202320242025202620272028202920303Description:Therevenueofrealestatecompaniesworldwidewasvaluedat9.5billionU.S.dollarsin2021andispredictedtoincreaseintermsofCAGRby4.8percentbetween2021and2030,accordingtoareportbyNextMoveStrategy.Withagrowingdemandforindustrialandcommercialinfrastructureandtherecoveryoftheglobaleconomyfromthecoronavirus(COVID-19)pandemic,by2030,thesizeoftherealestatemarketisexpectedtoreach14.6billionU.S.dollars.Accordingtothesource,other[...]

ReadmoreNote(s):Worldwide;2021Source(s):NextMoveStrategyConsultingHousingpriceindicatorvalueinmajordevelopedandemergingcountriesfrom1stquarter2017to2ndquarter2023Housingpriceindicatorindevelopedandemergingcountries2017-2023BrazilChinaGermanyEuro-ZoneFranceUnitedKingdomIndiaJapanRussiaUnitedStates30025020015010050Q1

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20234Description:Using2015pricesasabaseline,thecostofhousinginselecteddevelopedandemergingeconomieswashighestinRussiaasofthefirstquarterof2023.Housingcostsinthecountryincreasedrapidlysincethebeginningof2021,reachinganindexvalueof245inthefirstquarterof2023.TheUnitedStateshadthesecondhighesthousingprices,followedbyGermany.Ontheotherhand,Brazilhadthelowesthousingpricesofthecountries.ReadmoreNote(s):Worldwide;Q12017toQ22023;nominalhouseprices,seasonallyadjustedSource(s):OECDAnnualchangeinrealhousepricesinselectedcountriesworldwidein2ndquarter2023Annualchangeinrealhousepricesinselectedcountriesworldwide2023Changeinprice20%0%5%10%15%25%30%35%40%45%TurkeyUnitedArabEmiratesGreece39.5%12.9%11.2%Israel*Croatia5.8%5.2%PortugalMexico*4.2%3.9%SingaporeThailand2.2%2.2%Philippines*NorthMacedoniaCyprus*1.8%1.6%1.1%0.6%Spain5Description:Housepricesworldwidedeclinedinmanycountriesworldwidein2023.Intheadvancedeconomies,residentialpropertypricesfellbyfivepercentasofthefirstquarterof2023.Outofthe58countriessurveyed,atotalof16experiencedhousepricegrowth,withthree(Turkey,UnitedArabEmirates,andGreece)exceeding10percent.Realpricegrowthreferstothepercentagechangeofhousepricesadjustedforinflation.Whencomparingthenominalpricechange,theaveragehouseprice[...]

ReadmoreNote(s):Worldwide;Q22022andQ22023;*figuresrefertoQ12023ReadmoreSource(s):BankforInternationalSettlementsMarketsizeoftherealestateindustryinIndiain2015to2022,withestimatesuntil2047(inbillionU.S.dollars)MarketsizeofrealestateindustryIndia2015-20477,0006,0005,0004,0003,0002,0001,0005,8001,00065047718012050020152017202020222025*2030*2047*6Description:ThemarketsizeoftherealestateindustryinIndiawasvaluedataround477billionU.S.dollarsin2022andisestimatedtoreachonetrilliondollarsby2030.Realestateindustryisforecastedtogrowexponentiallyuntil2047.

ReadmoreNote(s):India;2015to2022;*ForecastPreviousreportshavebeenaccessedforhistoricaldata.ReadmoreSource(s):Anarock;IndiaBrandEquityFoundationCumulativenumberofrealestateprojectsregisteredwithRealEstateRegulationAuthorities(RERA)inIndiaasonJanuary2023,bystateCumulativenumberofrealestateprojectsregisteredunderRERAinIndiaJanuary2023Numberofrealestateprojectsregistered05,00010,00015,00020,00025,00030,00035,00040,00038,64345,000MaharashtraTamilNaduGujarat12,91010,751Karnataka6,5825,2994,7203,9003,3532,2161,606TelanganaMadhyaPradeshAndhraPradeshUttarPradeshRajasthanChhattisgarh7Description:ByJanuary2023,theRealEstateRegulationAuthority(RERA)ofMaharashtrainIndiahadregistered38,643realestateprojects.RERAshavebeenimplementedinmostofthe36IndianstatesandunionterritoriesaftertheRealEstate(RegulationandDevelopment)Actof2016cameintoforce.Theactaimsatprotectingtherightsofhomebuyers.ReadmoreNote(s):India;January2023Source(s):HCHAPTER

02LaunchesandsalesResidentialpropertylaunchesacrossIndiafrom2013to2023(in1,000s)ResidentiallaunchesIndia2013-2023450420.1140035030025020015010050350.75328.13319.66244.07232.38223.33182.21175.88146.632020103.57201702013201420152016201820192021202220239/statistics/1032820/india-residential-launchesIn2023,over350thousandhousingunitswerelaunchedontheresidentialmarketacrossIndia.Eventhoughthereisabigdemandforhousinginthecountry,residentiallauncheshavebeenonacomparativelyhighleveloverthepastfewyears.

ReadmoreNote(s):India;2013to2023Source(s):KnightFrank(KnightFrankResearch)ResidentialpropertylaunchesacrossIndiain2022,bycity(in1,000s)ResidentiallaunchesIndia2022,bycityPropertylaunchesinthousands010203040506070809090.43100MumbaimetropolitanregionNationalcapitalregionChennai63.2343.8543.42BengaluruPune38.64Hyderabad20.81AhmedabadKolkata15.4212.3310Description:In2022,MumbaiheadsthelistofIndianmetropolitanareaswithover90thousandlaunchedhousingunitsontheresidentialmarket.Ingeneral,alleightmajormetropolitanareasofIndiarecordedasignificantincreaseinresidentiallaunches.ReadmoreNote(s):India;2022Source(s):KnightFrank(KnightFrankResearch)ResidentialhousingsalesacrossIndiafrom2013to2022(in1,000s)ResidentialsalesIndia2013-2022350329.24312.6730025020015010050279.82267.96244.69245.86242.33232.9228.07154.430201320142015201620172018201920202021202211Description:In2022,thenumberofhousessoldontheresidentialmarketacrossIndiawasrecordedatover312thousandhousingunits.Therebyhousingsalesincreasedbymorethan34percentcomparedtothepreviousyear.Thefirstyearofthedecadethatthenumberofsalesdecreasedtounder200,000wasin2020.ReadmoreNote(s):India;2013to2022Source(s):KnightFrank(KnightFrankResearch)ResidentialpropertysalesacrossIndiain2022,bycity(in1,000s)ResidentialsalesinIndia2022,bycitySalesinthousands010203040506070809085.17MumbaimetropolitalregionNationalcapitalregionBengaluru58.4653.36Pune43.41Hyderabad14.0614.25AhmedabadKolkata12.91Chennai31.0512Description:Intheyear2022,around85thousandhousingunitsweresoldinMumbai,India'smostdemandingresidentialhousingmarket.AlloftheeightbiggestmetropolitanareasofIndiaexceptKolkatarecordedasignificantincreaseinhousingsales.Therewasatotalof312,666residentialpropertiessoldduringtheperiod.ReadmoreNote(s):India;2022Source(s):KnightFrank(KnightFrankResearch)AgeofunsoldresidentialpropertyacrossIndiain2023,bycity(inquarters)AgeofunsoldresidentialinventoryinIndiainquarters2023,bycityAgeofinventoryinquarters0123456789MumbaimetropolitanregionAhmedabadNationalcapitalregionKolkata8.47.37.25.55.3HyderabadChennai4.44.4BengaluruPune4.313Description:In2023,theunsoldinventoryofresidentialhousingunitsintheMumbaimetropolitanregionofIndiareachedanaverageageof8.4quarters.AmongtheeightbiggestmetropolitanareasofIndia,Punerecordedthelowestaverageageofunsoldinventorywith4.3quarters.ReadmoreNote(s):India;2023Source(s):KnightFrank(KnightFrankResearch)CHAPTER

03PropertypricesPriceofresidentialpropertiesacrossIndiainH12023,bycity(inIndianrupeespersquarefeet)SquarefeetpriceofresidentialunitsinIndiaH12023,bycityPriceinIndianrupeespersquarefeet3,000

4,00001,0002,0005,0006,0007,0008,0007,593MumbaiBengaluru5,6435,410HyderabadNationalcapitalregionPune4,6384,3854,350ChennaiKolkata3,428Ahmedabad3,00715Description:Inthefirsthalfof2023,MumbairemainedIndia'smostexpensivecityontheresidentialmarketwithasquarefeetpriceof7593Indianrupeespersquarefeet.AmongtheeightbiggestmetropolitanareasofIndiaAhmedabadhasthelowestsquarefeetpriceataroundthreethousandIndianrupees.ReadmoreNote(s):India;H12023Source(s):KnightFrank(KnightFrankResearch)AveragepriceofresidentialpropertiesacrossMumbaiinIndiainthefirsthalfof2023,byzone(in1,000Indianrupeespersquarefoot)ResidentialpropertypriceinMumbaiIndiabyzoneH12023PriceinthousandIndianrupeespersquarefoot0510152025303540SouthcentralMumbaiWesternsuburbs35.622.2Centralsuburbs20.1Thane10.25NaviMumbai8.05PeripheralwesternsuburbsPeripheralcentralsuburbs5.855.516/statistics/698741/india-residential-property-price-in-mumbai-by-select-locationInthefirsthalfof2023,south-centralMumbaihadthehighestaveragerealestatepricerateofaround35.6thousandIndianrupeespersquarefootintheMumbaimetropolitanregion.Peripheralcentralsuburbsrecordedthecheapestpropertyrates.ReadmoreNote(s):India;H12023Source(s):AnarockAveragepriceofresidentialpropertiesacrossBengaluruinIndiainthefirsthalfof2023,byzone(inthousandIndianrupeespersquarefoot)ResidentialpropertypriceinBengaluruIndiabyzoneH120231411.75121085.85.555.665.3420CentralBengaluruNorthBengaluruWestBengaluruEastBengaluruSouthBengaluru17Description:Inthefirsthalfof2023,centralBengaluruhadthehighestaveragepricerateof11.75thousandIndianrupeespersquarefeetinthewholeofcity.SouthBengalururecordedthecheapestpropertyrates.

ReadmoreNote(s):India;H12023Source(s):AnarockAveragepriceofresidentialpropertiesacrossHyderabadinIndiainthefirsthalfof2023,byarea(in1,000Indianrupeespersquarefoot)AveragepriceofresidentialpropertiesacrossHyderabadinIndiaH12023,byarea87.1765432105.64.254.24.1CentralHyderabadWestHyderabadNorthHyderabadSouthHyderabadEastHyderabad18/statistics/1457591/india-average-housing-price-in-hyderabadInthefirsthalfof2023,centralHyderabadhadthehighestaveragepricerateof7.1thousandIndianrupeespersquarefeetinthewholeofcity.NorthHyderabadrecordedthecheapestpropertyrates.HyderabadisthecapitalofIndianstateofTelangana.ReadmoreNote(s):India;Firsthalfof2023Source(s):AnarockAveragepriceofresidentialpropertiesacrossnationalcapitalregioninIndiainthefirsthalfof2023,bylocation(inthousandIndianrupeespersquarefoot)ResidentialpropertypriceinNCRIndiabylocationH1202386.9765432105.554.13.83.65GurugramNoidaGreaterNoidaGhaziabadFaridabad19Description:Inthefirsthalfof2023,GurugramhadthehighestaveragepricerateofapproximatelyseventhousandIndianrupeespersquarefootinthenationalcapitalregion.Faridabadrecordedthecheapestpropertyratesintheregion.

ReadmoreNote(s):India;H12023Source(s):AnarockCHAPTER

04RentalmarketQuarteronquarterchangeinrentaldemandIndiainsecondquarterof2023,bycityQuarteronquarterchangeinrentaldemandIndiaQ22023,bycityChangeindemand20%0%5%10%15%25%30%35%40%45%GreaterNoidaAhmedabadNoida41.2%32.2%27%HyderabadGurugramNaviMumbaiPune22%21.9%21.8%19.3%Delhi18.9%ChennaiMumbaiKolkata17.9%14.9%14.8%BengaluruThane12.8%9.7%21Description:Inthesecondquarterof2023,GreaterNoidahadthehighestchangeinquarteronquarterrentaldemandamongIndiancities,witha41.2percentincrease.AhmedabadandNoidafollowedcloselywith32.2percentand27percentchangeinrentaldemandincomparisontolastquarter.ReadmoreNote(s):India;2ndquarter2023Source(s):MagicBricksAveragerentinGreaterNoidaIndiainsecondquarterof2023,bylocality(in1,000Indianrupees)AveragerentinGreaterNoidaIndiaQ22023,bylocalityAveragerentinthousandIndianrupees024681012141416SurajpurEta21212Chi5GreaterNoidaWestPariChowkNoidaExtensionPhi2111010101010Alpha2Gamma2Beta1999Omega2Zeta122Description:Inthesecondquarterof2023,SurajpurlocalityinGreaterNoida,Indiahadthehighestaveragerentof14thousandIndianrupeesinthecity.Eta2andChi5localitiesfollowedwithanaveragerentof12thousandndianrupees.GreaterNoidaisaplannedcitylocatedintheIndianstateofUttarPradesh.ReadmoreNote(s):India;2ndquarter2023;rentfor2BHKSource(s):MagicBricksAveragerentinAhemdabadIndiainsecondquarterof2023,bylocality(in1,000sIndianrupees)AveragerentinAhemdabadIndiaQ22023,bylocalityAveragerentinthousandIndianrupees10024681214161820VastrapurPrahladNagarThaltej191717NavrangpuraSatellite1515Bopal1414SouthBopalS.P.RingRoadSGHighwayShela131313Gota12Chandkheda1023Description:Inthesecondquarterof2023,VastrapurlocalityinAhmedabadhadthehighestaveragerentof19thousandIndianrupees.Prahladnagarandthaltejlocalitiesfollowedwithaveragerentof17thousandIndianrupees.AhmedabadisthecapitalcityofstateofGujaratinIndia.ReadmoreNote(s):India;2ndquarter2023;rentfor2BHKSource(s):MagicBricksAveragerentinNoidaIndiainsecondquarterof2023,bylocality(in1,000Indianrupees)AveragerentinNoidaIndiaQ22023,bylocalityAveragerentinthousandIndianrupees10024681214161820Sector78Sector93ASector137Sector7419181816Sector46151515Sector75Sector50Sector150Sector761414Sector621313Sector134NoidaExtension1124Description:Inthesecondquarterof2023,Sector78ꢀlocalityinNoida,Indiahadthehighestaveragerentof19thousandIndianrupeesinthecity.Noidaextensionwasthemostaffordableareawitharentof11thousandIndianrupees.NoidaisaplannedcityinthenorthernstateofUttarPradeshinIndia.ReadmoreNote(s):India;2ndquarter2023;rentfor2BHKSource(s):MagicBricksAveragerentinHyderabadIndiainsecondquarterof2023,bylocality(in1,000Indianrupees)AveragerentinHyderabadIndiaQ22023,bylocalityAveragerentinthousandIndianrupees15

200510253035HitechCityGachibowliJubileeHillsKokapet3224232323NallagandlaNarsingi22NalagandlaKondapurMadhapurBanjaraHillsManikondaKukatpally21212120171625Description:Inthesecondquarterof2023,HitechcitylocalityinHyderabad,Indiahadthehighestaveragerentof32thousandIndianrupeesinthecityKukatpallywasthemostaffordablelocalityofthecitywithaveragerentof16thousandIndianrupees.HyderabadisthelargestandcapitalcityofthestateofTelanganainIndia.ReadmoreNote(s):India;2ndquarter2023;rentfor2BHKSource(s):MagicBricksCHAPTER

05HousingfinanceTotalvalueofhousingloansinIndiafromfinancialyear2018to2023(inbillionIndianrupees)ValueofhousingloansinIndiaFY2018-20233,0002,5002,0002,5202,0601,9201,8901,5001,2301,1401,0005000FY2018FY2019FY2020FY2021FY2022FY202327/statistics/1201678/india-housing-loans-before-and-during-covid-19-pandemicInfinancialyear2023,banksinIndiaadvancedover2.5trillionIndianrupeesinhousingloanscrossingpre-COVIDlevels.Thisreflectedrenewedhomebuyersentiment,asanincreasingnumberofIndianswereinvestinginbuyingresidentialproperty.

ReadmoreNote(s):India;FY2018toFY2023Source(s):EY;ReserveBankofIndiaIndividualhousingloandisbursementinIndiainfinancialyear2023,byinstitutiontype(intrillionIndianrupees)IndividualhousingloandisbursementIndiaFY2023,byinstitutiontype3.53.223.113.02.52.01.51.00.50.01.75PublicsectorbanksHousingfinancecompaniesPrivatesectorbanks28Description:Inthefinancialyear2023,publicsectorbanksinIndiadisbursedindividualhousingloansamountingto3.22trillionIndianrupees.Followingcloselyhousingfinancecompaniesdisbursedhousingloansworth3.11trillionIndianrupees.Thiswasagrowthof19percentincomparisontothelastfinancialyear.ReadmoreNote(s):India;FY2023Source(s):NationalHousingBankLeadinghousingfinancecompanies(HFCs)inIndiaasofMarch2024,bymarketcapitalization(inbillionIndianrupees)LeadinghousingfinancecompaniesinIndia2024,bymarketcapitalizationMarketcapitalizationinbillionIndianrupees050100150200250300350400HUDCOLICHousingFinIDFC354.74313.56173.52161.8154.77PNBHousingFinAPTUSVALUEAAVASFinancierCanFinHomesIndiabullsHsgHomeFirst108.2894.3993.7275.2RepcoHome24.5929Description:AsofMarch2024,HousingandUrbanDevelopmentCorporationLtd.(HUDCO)wastheleadinghousingfinancecompanyinIndiawithamarketcapitalization(atBSE)of354bllionIndianrupees.LICHousingFinanceandIDFCfollowedwithamarketcapitalizationofaround313billionand173billionIndianrupeesrespectively.ReadmoreNote(s):India;asofMarch2024;marketcapitalizationatBSESource(s):MoneycontrolCHAPTER

06AffordablehousingAffordabilityofhousinginIndiaaspropertypricesbyannualincomefromfinancialyear2011to2023AffordabilityofhousinginIndiaFY2011-20236.04.85.04.03.02.01.00.04.74.64.64.44.13.83.73.53.33.33.23.2FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202331Description:Inthefinancialyear2023,thebalanceofpropertypricesbyannualincomeresultedinanaffordabilityof3.3forhousinginIndia.Therecentperiodhaswitnessedthebestaffordabilityinlasttwodecades.ReadmoreNote(s):India;FY2011toFY2023Source(s):HDFCBankNumberofaffordablehousingunitscompletedinIndiaasofNovember2023,bystateNumberofcompletedaffordablehousingunitsinIndia2023,bystateNumberofcompletedhousingunits0200,000400,000600,000800,0001,000,0001,200,0001,400,0001,600,000UttarPradeshGujaratAndhraPradeshMaharashtraStatesMadhyaPradeshTamilNadu1,337,607891,599864,743824,557728,700548,882WestBengalKarnataka378,564329,330TelanganaChhattisgarhRajasthan224,339201,534175,509135,955133,237OdishaJharkhand32Description:AsofNovember2023,therewereover1.3millionhousingunitscompletedacrossthenorthIndianstateofUttarPradeshwithinthe"housingforall"(HFA)programsince2014.TheHFA-programispartofthePradhanMantriAwasYojana-UrbanschemeoftheIndiangovernment.ReadmoreNote(s):India;November20,2023Source(s):MoHUAAffordabilityofhousingacrossIndiafrom2010to2022,bymetropolitanareaProportionofincometohousingacrossIndia2010-2022Affordability2019

202180%20220%20%40%60%100%120%140%53%160%180%200%MumbaiNationalCapitalRegionBengaluru67%52%34%28%26%24%25%28%25%29%27%25%27%32%29%30%34%32%PuneChennaiHyderabad30%Kolkata25%Ahmedabad25%20%22%33Description:In2022,AhmedabadhadthemostaffordablehousingmarketoftheeightbiggestmetropolitanareasinIndiawithaproportionof22percentofincometomonthlyinstalmentofahousingunit.InMumbaitheaffordabilityindexwasat53percent,theonlycitywithhigherthanthresholdaffordabilityratiosetat50percent.However,t