Realty market declining in big cities

Q: Hi, What is the position of real estate market in India? Which are the city where the growth is really noticeable?

Rupak Sen, Kolkata

5th February 2014

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Replies (4)

Real estate in India is its integral ingredient in the growth of the economy. The real estate in 2017 will surely shed off the dark clouds and despite slowdown, the country will pose a brighter picture.

Vikram Sharma, Mumbai

5th November 2018

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Well Bijoy,
What is HSUI? What is its function? Can you tell me how much contribution of realt sector in GDP? In which sector does it Work?

Sudip Ganguly, Kolkata

5th February 2014

Comment

HSUI stands for Housing Start-Up Index. It is a indicator that shows the market movements. The contribution of realty sector is about 10% of the GDP and, hence, it is a key macroeconomic indicator. It will help both the private and the government sector in assessing economic activities in a region. It will also benefit consumers and promoters."

Bijoy Das, Kolkata

5th February 2014

Hello everybody,
India has recently joined a club of six countries. Can you tell me the name of those countries? why did India raise such step?

Sudip Ganguly, Kolkata

5th February 2014

Comment

Hi Sudip,
HSUI, an indicator of volume of construction in the housing sector during a certain period, covered 27 cities across the country between 2009 and 2011. The index will cover 300 cities soon. The first-of-its-kind initiative is a critical indicator of economic growth in sectors like banking, mortgage, labour, steel, cement and paint.

India has joined a club of six developed countries - Canada, US, Japan, France, Australia and New Zealand - which have a housing start-up index.

Bijoy Das, Kolkata

5th February 2014

Hello Rupak,
The real estate sector has been witnessing a declining trend in big cities such as Bangalore, Kolkata and Chennai, while the growth is noticeable in smaller cities, labelled as tier-2 centres, like Dehradun, Bhopal and Hubli, according to the Housing Start-Up Index (HSUI), which was released on Monday,2014

Bijoy Das, Kolkata

5th February 2014

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