The Corona epidemic has significantly affected people’s home buying decisions. 92 percent of the residents say that they will continue their bookings despite the changing economic situation due to Corona virus.
New Delhi: Is this a good time to buy a house in India?. For the first time in India after the Corona epidemic, this time is considered favorable for investment in property. Most people think that it is the right time to buy a home with many discount offers.
ANAROCK Property Consultants has conducted a survey in the Indian property market in association with the Confederation of Indian Industry (CII). About 3,900 participants participated in this online survey conducted in January 2021. Most of the participants are aged between 25-35 years. Most NRIs prefer luxury homes (90 lakh – 2.5 crore rupees). In this, demand for three BHK and four BHK is at the top of the list.
57 percent willing to invest in property: survey
Nearly 62 percent of the respondents in the survey considered the right time to buy a house immediately. Of these, about 24 percent people have already bought a property. At the same time, 38 percent have the option of newly launched project.
Apart from this, 57 per cent people expressed a desire to invest in property instead of fixed deposits, stock market and gold. The report says that at least 43 per cent of the occupants prefer to live in the outskirts of the city, while 28 per cent want to take their houses closer to their offices on the city limits.
According to Anuj Puri, chairperson of ANAROCK Property Consultants, homebuyers consider buying property from a branded double-lender safe. Prior to the Corona epidemic, the demand ratio of branded vs. non-branded developers was 52:48. Whereas after the epidemic, this ratio has increased to 61:39.
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