Fairval

Notes on Indian equities, sectors and economy

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 90 other followers

  • Top Posts & Pages

Sharp jump in rural housing construction

Posted by fairval on January 6, 2014

There is abig time housing construction going on in Rural India, points out a note from CSFB, using the latest NSSO survey as the data source. Number of houses being made per year has shot up sharply in 2009-12 period, over 2002-09 period.  Around 13 million pucca houses were built in this period,

Construction of pucca houses

Construction of pucca houses

As a result, by 2012, 66% of rural houses were pucca houses, compared to 55% in 2009, and 32% in 1993. This seems to be a substantial shift, and could be a result of some of the UPA policies – higher MSP and MNREGA. The much maligned UPA may have got somethings right after all.

Share of pucca houses up sharply

Share of pucca houses up sharply

Advertisements

One Response to “Sharp jump in rural housing construction”

  1. Varadha R said

    Nice update. No wonder the stocks of companies like canfin homes, gruh have a secular runway ahead, save for credit quality issues

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: