News
India Residential Real Estate – Buyer Interest Profiling Report by ANAROCK
The service class in India is the dominant socio-economic segment and the primary homebuyer in this large nation. Post reforms and the pandemic, the markets have transitioned to be driven by end-users – prices remained range-bound, eliminating investors and speculators to a great extent.
A developing nation with rapid urbanization, rising nuclear families, and an increasing population are the most-suited ingredients for housing sector growth. ANAROCK Research delves into identifying the new trends among buyers and their preferences. The findings reveal evolving trends, which provide further insights to reinforce developer’s strategies in the future.
Key Findings:
- Mid-to-high-end segment units are the most preferred; accounted for 79% of the total demand
- Demand for 2 BHK units dominated the market with a 38% share, followed by 3 BHK units at 26%
- Service class buyers drive housing demand with a 68% share
- Business class and professionals accounted for nearly 26% of the total housing demand
- 90% of the Indian housing market is driven by end-users
-
News4 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