News
Over 40% property searches for 3BHK and larger homes in 2021: Square Yards Report
The latest quarterly report by Square Yards tilted ‘India Residential Overview: Oct-Dec 2021’highlighted the gradual but consistent shift of home buyers towards larger and upgraded residences. However, rental trends stubbornly stuck to 1 and 2BHK units within a budget of Rs 10,000-20,000 per month. The cities covered in the report include MMR, Pune, Gurugram, Noida, Bengaluru and Hyderabad.
Key Highlights of the Report
- 43% of the online property searches were for 3BHK and larger configuration in 2021.
- 35% of the online property seekers looked for a home sized between 1000-2000 Sq. Ft. in 2021, a considerable shift from the pattern noted in 2020 wherein the share was less than 20%. This figure stood at 40% for Q4, 2021.
- Properties priced above Rs 1 Crore formed 33% of the total online searches in Q4, 2021 a rise of 6% from Q1, 2021.
- Independent homes gained prominence in 2021 recording a rise of 14% in demand since Q1, 2021.
MMR continued to be the most searched city in Q4, 2021 for both sales as well rented accommodations.
-
News3 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News4 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News2 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News2 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News3 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News3 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News2 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News3 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances