Expectations of property seekers from NaMo govt.
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35% of property seekers feel it is a good time to invest in real estate. 62% expect real estate prices to rise in the next 1-2 years. Apartments are the most popular property investment, with Mumbai, Bangalore, and Chennai seen as top cities. Most property seekers prefer long-term buy and hold investments in real estate over flipping properties. The top expectations from the new government are reduced home loan rates, establishing a real estate regulator, and boosting infrastructure development.
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Expectations of property seekers from NaMo govt.
- 1. Expectations of property seekers from the NaMo Government A REAL ESTATE MARKET SENTIMENT SURVEY BY INDIAPROPERTY.COM
- 2. Sample and Demographics Sample Size : 2583 Survey conducted between 2nd June and 11th June 30.6 % of the respondents were above the age of 46 and ~40% between 25 -35 years of the age 82 % of the respondents were males
- 3. 35% of property seekers feel that the time is ripe for real estate investment 35% 49% 16% Yes, I think the time is right for real estate investment I am not sure, I might hold the decision for now No, it's not the right time to invest
- 4. Top reasons why real-estate looks promising today Likely decrease in home loan interest Increase in infrastructure developments Demand and price is set to increase in future Set up of a real estate regulator Developers holding property up till post elections will reduce prices and sell 25% 21% 28% 13% 13%
- 5. 62% of property seekers expect real estate prices to soar in the near future 62% 38% Yes No
- 6. 38% of property seekers expect the prices to escalate in the next 1-2 years 32% 38% 30% 6-12 months 1-2 years > 2 years
- 7. Apartments top the charts when it comes to property investments Apartments 40% Residential Land 23% Commercial Property 7% Individual House 24% Farm House 3% Row House 3%
- 8. Top cities to park your money in – Buyer’s perception 30% 15% 12% 9% 7% 21% 6% Mumbai Bangalore Chennai Pune Kolkata Delhi - NCR Hyderabad
- 9. Hot localities MUMBAI 9% 10% 10% 15% 7% 28% 21% Airoli Mira Road Goregaon (East) Borivali (West) Kandiwali Andheri Vashi DELHI - NCR 9% 13% 9% 14% 8% 47% Uttam Nagar Rohini Indirapuram Vasant Kunj Ashok Vihar Noida Expressway
- 10. 15% 17% 16% 14% 18% 13% 7% Wakad Hadapsar Baner Kharadi Wagholi Magarpatta BT Kavre Road CHENNAI 27% 16% 13% 14% 21% 9% Tambaram Guduvanchery Kelambakkam Medavakkam Porur Pallavaram Hot localities PUNE
- 11. BANGALORE 31% 23% 16% 18% 12% Whitefield Electronic City JP Nagar Sarjapur Road Kanakpura Road KOLKATA 18% 24% 12% 28% 18% Garia Behala Rajarhat New Town Tollygunge Hot localities
- 13. 79% of property seekers prefer long term investment in real estate Short term (i.e., Flipping) 21% Long term (Buy and Hold) 79%
- 14. Investment Preferences Investment in Gold 15% Investment in Stocks and Shares 18% Investment in Real Estate 67%
- 15. Expectations from the NaMo Government 55% of the respondents want a reduction in home loan rates 41% of the respondents want a real estate regulator To be set up 44% of the respondents want a boost in infrastructure facilities
- 16. Expectations from the budget 26% 19% 10% 11% 34% Overall Chargeability limits W.r.t. house property income and interest limits on self occupied property W.r.t. Chapter VI D deductions especially for principal home loan payments W.r.t. capital gains, special concessions for housing sector Not so sure
- 17. Thank you.