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India requires 27 million housing units

Posted on 02 August 2011

India’s real estate sector will face a funding shortfall to the tune of $70 billion (around Rs.3.1 trillion) in the 12th Plan period (2012-2017), says the Confederation of Real Estate Developers’ Association of India (Credai), an industry body.
The country will require 27 million housing units during the five years, entailing an estimated investment of $3.2 trillion, Credai president Lalit Kumar Jain said in an interview during a recent visit to Hyderabad……………………………………….Full Article: Source

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