Page 47 - Kolte Patil AR 2019-20
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Why we are optimistic of the long-term
growth of our sector and business
1 Growing Indian population
Projected to become the most populous country by 2027
2 Urbanisation
India is the fastest urbanising country
Growing nuclear families
3 There is a consistent decline in the
average household size
Millennial demand
4 Millennials (~47% of India’s working
population) are driving apartment offtake
5 Middle-class affluence
Affluent households have more than
doubled since 2008
Increasing incomes
6 The nominal per-capita net national income during
FY20 was C135,050, a 6.8% rise
7 Housing shortage
Affordable housing shortfall placed at
~10 million units
8 Improved borrower affordability
Tax incentives on home loans and subsidy for economically
weaker sections have improved home loan affordability
9 Pradhan Mantri Awas Yojana
The Government launched the Housing for All
programme (Pradhan Mantri Awas Yojana)
(Source: Economic Times, Outlook India, India Today, Invest India,
Business Standard, Bloomberg, Live Mint, Business Today)
Annual Report 2019-20 | 45
