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.
-
News12 hours ago
House That! Real Smiles All Around as RBI Cuts Repo Rate to 6.25 per cent
-
News10 hours ago
Raymond Limited To develop Second Residential Project in Mahim West, Mumbai
-
News11 hours ago
Goodluck India Net Profit up 26% in Q3FY25 on Demand, Increased Share of Value-Added Offerings
-
News11 hours ago
India Shelter Reports 36% YoY AUM Growth and 54% Surge in PAT in Q3FY25
-
News1 day ago
Driven by Office and Retail Demand, Kochi Commercial Real Estate Records Robust Growth
-
News1 day ago
Trident Realty Starts Possession of 500 Residential Plots at Trident Hills, Panchkula
-
News2 days ago
UrbanVault Announces Strategic Leadership Appointments to Drive Growth in North & West Markets
-
News2 days ago
Bollywood Composer and Singer Anu Malik and Wife Sell Mumbai Property Worth ₹14.49 Crore