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Insights from the latest real estate market report

According to a report published on IBN Live website:

The demand for affordable housing in top seven cities, including Hyderabad, is likely to outstrip supply by 2015, according to Cushman & Wakefield (C&W). The real estate consulting firm in its annual report found that the estimated demand for residential property in cities namely National Capital Region, Mumbai, Bangalore, Chennai, Hyderabad, Pune and Kolkata is expected to touch 2.3 million units over the next five years while the estimated supply will be approximately 1 million units, leaving a shortfall of 130 per cent i.e. over 1.3 million units.

This is great news for the builders and developers in these cities.

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