He also added, "Despite market volatility in the past year, the Indian real estate sector has evinced interest of international funding agencies and has witnessed an ever-increasing pool of domestic industry players."

According to Amit Mitra, secretary general, Ficci, "The release of this report at the Ficci International Real Estate Summit will fuel ideas and opportunities while addressing industry challenges and showing the way forward to take the real estate sector to greater heights."

One of the interesting indicators of the report is that the present asset class focus for developers continues to be residential as stated by 70%-80% respondents, followed by commercial and retail.

However, going forward, several 'neo-assets' like warehousing, healthcare infrastructure, logistics will emerge as integral part of a developer's future portfolio.

Heathcare is seen to propel growth for the real estate sector in the tier II and tier III cities. The immediate driver for this would be the five-year tax break as per the latest Union Budget.

Another important aspect of the report is affordable housing. Recently this has attracted attention from prominent developers and private equity players primarily with the investment rationale of early mover advantage, volume-driven profitability, priority sector status accorded by government and subsidized land costs.

According to the report the key success factors for affordable housing as an asset class would be infrastructure support, use of alternate materials and low-cost techniques and mechanisms, subsidised land costs and faster approvals from the government.