2BHKs are more in demand
The Verdict's out! The Indian real estate sector has started showing healthy signs of improvement. Makaan.com's survey, The Real Picture, claims that over the last six months the real estate has grown by 16.8 per cent. The survey, conducted among property brokers/realtors, finds out how the real estate market is reacting to the recovering economy. It revealed that:
- 53 per cent brokers in Mumbai confirm that home-buyers want to buy houses in the below Rs 40 lakh segment. Around 30 per cent agree that home seekers are looking for property in Rs 40 to Rs 75 lakh bracket and only 17 per cent say that buyers are looking at properties above Rs 75 lakh. 4For buyers in Mumbai, say almost 45 per cent realtors, location is the top most priority while decision-making. "By location we mean how close is the property from the railway station, from the place of work and entertainment zones - basically from points of convenience," says Aditya Verma, business head and vice president, Makaan.com.
- 56 per cent of brokers confirm that 2BHK homes are most popular in Mumbai while 31 per cent brokers from Mumbai believe that 1BHK houses are more preferred by property seekers in the city. Only 2 per cent realtors are facing requirement in the 3BHK or more category.
- A good 48 per cent of Mumbai realtors say they have experienced an increase in demand for rented accommodations as compared to buying.