Building Material - Demand Outlook Strong, Sector Poised For Good Times Ahead: ICICI Securities
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ICICI Securities Report
The organised building material sector is poised for strong growth in ensuing future, led by-
depleting quantity of real estate residential inventory,
revival in post-pandemic housing demand,
consolidation in real estate market,
spending on infrastructure,
government thrust on housing through schemes such as Pradhan Mantri Awas Yojana,
improved affordability of buying houses and
one of the lowest mortgage rates (~6.5%-7%) in India’s history.
Also, the recent phenomenon of work from home due to the pandemic has resulted in many households upgrading/spending on home improvement which is thus beneficial for the building material sector.
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