Gurgaon is the most searched Locality in Delhi NCR: Makaan.com Demand Trends
‘Makaan.com Demand Trends’ analyzes the ongoing trend in property searches for a particular city with the listings in the particular area. It is be a powerful and beneficial tool for you to understand the current market conditions and the buying behavior of the end consumer and accordingly plan the property launches and offerings.
Overall, Delhi/NCR saw a decent rise in the demand for the property:
Let us have a look at the MPI for Oct-Dec 2013 at national and city level through the following graphs in which means appreciating property prices and means depreciating property prices. We bet, this is one content where you’ll be on a look out for and not want many as that means high property prices for you!
- Gurgaon maintained its lead with maximum number of searches along with 19% of the property listings for the area. However, the demand for property for RENT was very close to that BUY in the region indicating a shift in buyer preferences. The shift can be attributed to the economic slowdown and high property prices, ultimately resulting in buyers being cash crunched.
- Noida closely followed the suit with second most property searches . Here, demand was more inclined towards property buying.
- Ghaziabad indicated the sheer number of properties available in the area that was followed by a good search volume. However, considering the number of properties in the region, the demand of the search traffic was low.
- Coming to the maximum searches per listing, Delhi East lead the pack signifying that there is demand in the locality but the supply is less. Looking at the data, Makaan.com strongly recommends posting more properties in the area.
Localities like Delhi Central, Delhi South Dwarka and Delhi East had more searches for the Rent than Buy. This shows additional trends in the localities and posting more properties for rent will to give better results.