This market research report presents a comprehensive segmentation of the affordable housing market in the BRIC nations (Brazil, Russia, India, and China). The report provides a vendor analysis of the leading companies in the market, such as Ansal Housing and Construction, Brookfield, China State Construction Engineering, CITIC Construction, Etalon Group, Gafisa, and LSR Group
Technavio’s market research analysts estimate the affordable housing market in BRIC countries, to grow at a CAGR of 7% between 2016 and 2020. The affordable housing market has spurred growth opprtuitie in the BRIC nations, as a high percentage of the population in these countries belongs to the lower and middle-income groups. China leads the affordable housing market in BRIC, accounting for 41% of the overall market share. Growing population and rapid urbanization in China drives the need for developing new infrastructure and housing in the country.
The new market research report from Technavio provides a breakdown and analysis of the affordable housing segments by technology.
“The affordable housing market is increasingly adopting the public private partnership (PPP) model, which operates on a fair bidding process for land acquisition. Under the PPP model, private companies contribute their technical expertise and operational efficiency, while the public sector provides the financial support required. This eases the land acquisition process, saves time and efforts, while minimising the expenses,” says Soumya Mutsuddi, Lead Analyst, Heavy Industry, Technavio Research.
The rapid growth in demand for affordable housing in the BRIC nations has resulted in a demand-supply mismatch. This has led the governments of the BRIC nations to come up with a number of strategies such as supporting PPP models and offering developers with incentives such as tax benefits and other exemptions in affordable housing projects. These interventions are likely to encourage developers to offer affordable housing solutions. At the same time, sustainable development has become a focus area in most affordable housing projects in BRIC nations owing to growing global concerns about reducing pollution and carbon emissions.
The leading vendors in the affordable housing market in BRIC countries include Ansal Housing and Construction, Brookfield, China State Construction Engineering, CITIC Construction, Etalon Group, Gafisa, and LSR Group. This market is highly fragmented with the presence of numerous small, medium, and large suppliers, including international and regional players. The availability of financial assistance from the governments of these countries in the form of PPP model is driving market growth. There is also an increase in the disposable income of the people, which is boosting the demand for affordable houses.
A more detailed analysis is available in the Technavio report, Affordable Housing Market in BRIC Countries 2016-2020.
We can customize reports by other regions and specific segments upon request.
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