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Mumbai is considered the second most preferred investment destination for real estate in 2010, says a Makaan.com survey

In order to gauge the real estate trends that will be prevalent this year, Makaan.com, an online real estate website, recently conducted a nationwide survey, christened "Realty Trends 2010" for Metros and tier II cities of India. As per the survey findings Mumbai, after Delhi, is considered as the second most preferred real estate investment destination in 2010, nationally. At least 28 per cent of the national property seekers want to own a house in the

city. Here are a few findings.

Delhi tops the charts with 34 per cent buyers wanting to buy a house in the capital. Bangalore and Hyderabad come next in line with 11 per cent interested buyers, nationally. When it comes to Mumbai, the trend is in line with the national findings, 72

per cent of the property seekers from the city want to buy a house for self-consumption. On the other hand 20 per cent buyers from Mumbai, who want to buy a house this year, are only looking it from long-term perspective. Only 8 per cent survey takers from Mumbai want to invest for short term.

Through this study, Makaan.com also aimed at gauging the most preferred areas, amongst homebuyers, for making a real estate purchase in Mumbai this year. With 30 per cent, majority of Mumbaikars want to own a house in Mumbai - Andheri - Dahisar region. Mumbai Navi follows this with 20 per cent seekers looking for options in the area. The majority of respondents who participated in the survey belong to the 26- 35 age group. Conducted online, the survey saw participation from over 4800 property seekers.