Real Estate Trends: For investment in India, people trust real estate the most. It is a more popular option among people than gold and fixed deposits. But more than 70 percent people do not like cheap houses.
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Although gold is very much liked for investment in India, but in terms of investment, only 5 percent people invest in it. At the same time, 61 percent people consider real estate as the best investment option. A survey was conducted in 7 cities of the country regarding the trends related to the real estate sector, in which many shocking things have come to the fore. Means such that more than 70 percent people of the country do not like cheap houses.
CII and Anarock have published a report related to India’s housing market. In this, an attempt has been made to understand the real estate market of the cities of Delhi NCR, Mumbai Metropolitan Region, Kolkata, Hyderabad, Chennai, Bengaluru and Pune.
70% people do not want cheap houses
The report says that the budget of 29 percent people to buy a house is less than Rs 45 lakh. While 32 percent people have a budget of 45 to 90 lakh rupees. On the other hand, there are 26 percent people who keep a budget of Rs 90 lakh to Rs 1.5 crore for buying a house. Only 9 percent of the people who want to buy a house worth more than this.
Now the house should be 3BHK, not 2BHK
CII-Anarock report shows that people are now preferring to take 3BHK over 2BHK. About 42 percent people are interested in buying 3BHK, while 40 percent people want to buy 2BHK. On the other hand, only 12 percent people are willing to buy 1 BHK, while 6 percent people have the desire to buy a house bigger than 3 BHK.
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Most shoppers ages 27 to 42
The demand for property is highest among the millennial people between the age group of 27 to 42 years. About 52 percent demand in the market is being made towards this segment. While the number of home buyers in the age group of 21 to 26 years is 11 percent. Buyers in the age group of 43 to 58 years constitute 30 percent of the market. At the same time, home buyers who are older than this are only 7 percent.