Report
More than 40% property searches for 3BHK, 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 homebuyers towards larger and upgraded residences. However, rental trends 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
Micromitti Launches New Real Estate Investment Options for Micro-Investors
-
News3 weeks ago
Godrej Properties Emerges as the Highest Bidder for Luxury Group Housing Plot on Golf Course Road in Gurugram
-
News3 weeks ago
Ghaziabad Realty Market – Why it is an Ideal Time to Invest Here
-
News3 weeks ago
SAIL Receives SHRM HR Excellence Awards
-
News3 weeks ago
Industrial & Logistics Sector Leasing Grew by 48% in Jul-Sep ’24 Over the Sequential Quarter: CBRE
-
News3 weeks ago
Bollywood Actor Sunil Shetty & Son Ahan Buy Bandra Property for Rs. 8.01 Cr: Square Yards
-
News2 weeks ago
Infra.Market Revenue Soars 23% to Rs 14,530 Crore in FY24, PAT Up 144%
-
News3 weeks ago
Senco Gold & Diamonds Launches New Store at Omaxe Chowk Amid Chandni Chowk Wedding Festival