The survey found that Indian consumers have a renewed optimism in the real estate sector following benefits provided by the government in 2019, including tax cuts and interest rate reductions. 57% of survey respondents preferred to invest in real estate, up 4% from the previous survey. The stock market was the second most preferred investment option at 25%. Fixed deposits saw a decline in preference to 13% due to falling interest rates. Gold continued to decline in preference to just 5% of respondents. Kolkata respondents had the lowest real estate investment preference at 44%, while Bangalore had the highest at 68%.
The real estate sector in India has grown significantly over the past 5 years and is expected to continue growing. It is the second largest employer in India and is slated to grow 30% over the next decade. The market size of the real estate sector in India is expected to reach $180 billion by 2020, growing at a CAGR of 11.2% between 2008-2020. Residential projects have attracted substantial investment from private equity funds and non-banking financial companies.
Real Estate Sector In India - Certain Tax and Regulatory Aspects (2013) - RSM...RSM India
The document discusses the proposed Real Estate (Regulation and Development) Bill 2013 in India. The bill aims to regulate and bring transparency to the real estate sector. It mandates the registration of real estate projects and agents. It also requires 70% of funds from projects to be deposited in a separate account. The bill establishes authorities to oversee projects and resolve disputes. If passed, the bill would help protect home buyers and ensure timely completion of projects.
The document provides an overview of the real estate sector in India with the following key points:
- The size of India's real estate market is expected to grow 7 times by 2028 to USD 853 billion from USD 126 billion in 2015.
- Rapid urbanization, rising incomes, and government policies like the Housing for All initiative are driving demand in the residential and commercial real estate sectors.
- Key segments include residential, commercial, retail, hospitality, and SEZs. Residential contributes about 80% currently while commercial is seeing strong growth.
- Major cities like Mumbai, Delhi, Bengaluru, Chennai, and Pune are the largest markets but demand is growing strongly in tier 2 and 3
Colliers International is delighted to present the Asia Real Estate Forecast for 2013.
The summary section of the paper provides the top-down analysis on the key trends in macroenvironment
in Asia as well as the prospective trend on the major property sectors in the region.
The country section covers major cities in Asia with property forecast and projections on both
rental and capital values for 2013.
As a snapshot, one of the notable trends in 2013 is that real estate prices will remain positive in
2013. More occupiers are expected to go for acquisition rather than leasing amid the continued
surge in rentals. Office tenants would take the supply cycle in individual cities as an opportunity
to upgrade themselves to better quality premises.
The document provides information on the Indian real estate sector. Some key points:
- The Indian real estate market is expected to grow significantly by 2028, increasing from $126 billion in 2015 to an estimated $853 billion.
- Rapid urbanization, rising incomes, and government policies like the Housing for All initiative are driving growth in the sector.
- Demand is strong across segments like residential, commercial, and retail space. The residential segment currently contributes about 80% of the market.
- Major cities like Mumbai, Delhi, and Bengaluru are seeing high demand for office and retail space. The demand is growing for commercial properties in tier 2 and 3 cities as well.
IMAP is an international mergers and acquisitions partnership with over 450 M&A professionals worldwide. In 2021, IMAP closed a record 294 M&A transactions worth over $27 billion, with healthcare, industrials, technology, business services, and consumer/retail being the most active sectors. The chairman of IMAP commented that 2021 was a spectacular year for M&A activity and expects trends like an aging owner base and digital transformation to continue driving mid-market M&A in developed markets going forward.
The National Property Index rose 1% in the Oct-Dec 2014 quarter. Seven of the 11 cities tracked posted a 1-3% rise in their City Index values, with Ahmedabad seeing the largest rise at 3%. Delhi and Mumbai saw a 1% drop. Demand for properties priced between Rs. 20-50 lakhs increased 3%. Active supply declined 2% nationally. Rental returns remained high in Bengaluru, Hyderabad, and Kolkata. Mumbai, Bengaluru, and Pune continued to be the most preferred investment destinations.
The real estate sector in India has grown significantly over the past 5 years and is expected to continue growing. It is the second largest employer in India and is slated to grow 30% over the next decade. The market size of the real estate sector in India is expected to reach $180 billion by 2020, growing at a CAGR of 11.2% between 2008-2020. Residential projects have attracted substantial investment from private equity funds and non-banking financial companies.
Real Estate Sector In India - Certain Tax and Regulatory Aspects (2013) - RSM...RSM India
The document discusses the proposed Real Estate (Regulation and Development) Bill 2013 in India. The bill aims to regulate and bring transparency to the real estate sector. It mandates the registration of real estate projects and agents. It also requires 70% of funds from projects to be deposited in a separate account. The bill establishes authorities to oversee projects and resolve disputes. If passed, the bill would help protect home buyers and ensure timely completion of projects.
The document provides an overview of the real estate sector in India with the following key points:
- The size of India's real estate market is expected to grow 7 times by 2028 to USD 853 billion from USD 126 billion in 2015.
- Rapid urbanization, rising incomes, and government policies like the Housing for All initiative are driving demand in the residential and commercial real estate sectors.
- Key segments include residential, commercial, retail, hospitality, and SEZs. Residential contributes about 80% currently while commercial is seeing strong growth.
- Major cities like Mumbai, Delhi, Bengaluru, Chennai, and Pune are the largest markets but demand is growing strongly in tier 2 and 3
Colliers International is delighted to present the Asia Real Estate Forecast for 2013.
The summary section of the paper provides the top-down analysis on the key trends in macroenvironment
in Asia as well as the prospective trend on the major property sectors in the region.
The country section covers major cities in Asia with property forecast and projections on both
rental and capital values for 2013.
As a snapshot, one of the notable trends in 2013 is that real estate prices will remain positive in
2013. More occupiers are expected to go for acquisition rather than leasing amid the continued
surge in rentals. Office tenants would take the supply cycle in individual cities as an opportunity
to upgrade themselves to better quality premises.
The document provides information on the Indian real estate sector. Some key points:
- The Indian real estate market is expected to grow significantly by 2028, increasing from $126 billion in 2015 to an estimated $853 billion.
- Rapid urbanization, rising incomes, and government policies like the Housing for All initiative are driving growth in the sector.
- Demand is strong across segments like residential, commercial, and retail space. The residential segment currently contributes about 80% of the market.
- Major cities like Mumbai, Delhi, and Bengaluru are seeing high demand for office and retail space. The demand is growing for commercial properties in tier 2 and 3 cities as well.
IMAP is an international mergers and acquisitions partnership with over 450 M&A professionals worldwide. In 2021, IMAP closed a record 294 M&A transactions worth over $27 billion, with healthcare, industrials, technology, business services, and consumer/retail being the most active sectors. The chairman of IMAP commented that 2021 was a spectacular year for M&A activity and expects trends like an aging owner base and digital transformation to continue driving mid-market M&A in developed markets going forward.
The National Property Index rose 1% in the Oct-Dec 2014 quarter. Seven of the 11 cities tracked posted a 1-3% rise in their City Index values, with Ahmedabad seeing the largest rise at 3%. Delhi and Mumbai saw a 1% drop. Demand for properties priced between Rs. 20-50 lakhs increased 3%. Active supply declined 2% nationally. Rental returns remained high in Bengaluru, Hyderabad, and Kolkata. Mumbai, Bengaluru, and Pune continued to be the most preferred investment destinations.
The document discusses trends in the Indian real estate sector. It notes that the urban population in India is expected to increase to 600 million by 2031 which will drive demand for residential real estate. Foreign direct investment in the sector has grown substantially over the past decade and is expected to reach $25 billion annually by 2022. The Indian construction market is projected to more than double to $649.5 billion by 2020 due to rapid urbanization and economic growth.
The document discusses the Indian real estate sector. It notes that India is expected to become one of the largest economies in the world by 2050. The real estate sector is a major driver of the Indian economy, contributing around 5-6% to GDP. However, the sector has faced challenges such as unorganized growth, stringent FDI policies, and regulatory complexities. Recent reforms have liberalized FDI and modernized land records. Going forward, the sector is expected to grow significantly to meet rising housing and infrastructure demands, though it faces risks such as market transparency and macroeconomic volatility. The document advocates learning from China's experience to further develop the Indian real estate sector.
The document provides an overview and outlook of the Malaysian property market in 2017. Some key points:
- The Malaysian property market slowed in 2016 with decreasing property prices, rents, transactions and values in major cities.
- Affordability remains a major issue for many Malaysians, with the average household only able to afford a RM450,000 property.
- The government took measures in 2016 like interest rate cuts to boost spending, but rising costs have offset this.
- High mortgage rejection rates over 50% are expected to continue in 2017 mainly due to bad credit records and low incomes.
Real estate is one of the fastest growing sectors of the Indian economy and contributes about 5 per cent to India's gross domestic product (GDP).
The country's economic growth is driving the demand for real estate in India. Demand for residential space is expected to grow at a compound annual growth rate (CAGR) of 19 per cent between 2010 and 2014 - Tier 1 metropolitan cities are expected to account for about 40 per cent of this. The top three cities - Mumbai, the NCR and Bengaluru account for 46 per cent of total office space demand in India.
Indian real estate sector is the fourth largest sector in terms of foreign direct investment (FDI) in the country. During April 2012-January 2013, the sector accounted for 8.8 per cent of total FDI inflows into India. FDI in the sector is estimated to grow to US$ 25 billion in the next 10 years.
Growing requirements of space from sectors such as education and healthcare provide opportunities in the real estate sector. Growth in the number of tourists has resulted in demand for service apartments.
This document analyzes housing affordability for Generation Y in Jakarta based on price to income ratios. It finds that over 95% of Indonesian Gen Y cannot afford to own a house due to high property prices rising faster than salaries. Housing prices in Jakarta increased 17% from 2017-2019, far more than the typical 10% salary increase. Gen Y preferences for housing focus on specifications, future considerations, and dweller characteristics, but high prices and taxes negatively impact affordability. Solutions proposed to improve affordability include increasing housing supply, adjusting planning systems, and expanding affordable housing developments to outlying areas.
This Presentation about future of real estate. I've tried to explain this thing in a very easy way & understandable manner. I hope, reader will enjoy the reading.
This document discusses top residential investment destinations in India from 2013-2017. It outlines the methodology used to select these destinations, which involves picking top cities based on factors like population and business activity, then dividing cities into zones. Zones are analyzed based on current and projected employment growth in driver industries like IT/ITeS. Key destinations are then selected in each zone based on factors like infrastructure development, commute times, and potential price appreciation. The top destinations projected to outperform in terms of investor returns over the next 5 years are identified for various regions across India.
The document provides an overview of the real estate sector in India. Some key points:
- India's real estate market size is expected to increase from US$ 126 billion in 2015 to US$ 853 billion by 2028 growing at a CAGR of 15.2%.
- Rapid urbanization and rising incomes are driving demand for residential and commercial real estate across major cities.
- The housing shortage in India is estimated at around 10 million units in urban areas and 48.8 million units in rural areas presenting significant growth opportunities.
- Metros like Mumbai, Delhi, and Bengaluru are major demand drivers for office space while retail space demand is growing with organized retail expansion.
Before the pandemic, themes that were driving technology demand in the capital markets were regulatory compliance and cost-cutting.
Technologies in demand in the capital markets in recent years were Big Data, AI/ML, Blockchain, and Cloud Computing.
Even amid the global economic gloom, the capital markets were not uneventful. As per S&P Global, the global bond issuance is expected to be 16% higher in 2020 compared to 2019 amid record-low interest rates and markets flooded with liquidity. As per data from the World Federation of Exchanges, the value of share trading globally registered a 49.74% increase in H1 of 2020 compared with H2 of 2019. Exchange-traded derivatives volumes were up 23.4% when compared with H2 2019, reaching a record 21.72 billion contracts traded.
Cost pressures, exacerbated by COVID-19, likely to accelerate automation initiatives as banks cut headcounts rapidly.
Technology implementations due to compliance requirements such as the Second Markets in Financial Instruments Directive (MiFID2) and the Fundamental Review of the Trading Book (FRTB) likely to be sources of demand for companies providing technology to the capital market sector. The companies providing automation of compliance processes are already attracting a higher amount of venture funds. Technology providers focusing on Data Analytics, AI/ML, IaaS and Biometrics, etc. are expected to gain from the trends.
Another important factor is the rapid adoption of work-from-home culture. A significant portion of the firms may opt for a permanent work-from-home or a hybrid work culture. This shift is likely to increase demand for cloud transformation services.
Even though many financial services firms may cut IT spending for a few quarters, compliance automation, cost-cutting initiatives, and cloud transformations will continue to create demand for capital market technology providers.
NCC Telecom has conducted a market analysis to forecast demand for its home automation products and services over the period of 2009-2013. The analysis examines demand in the residential, commercial, and hospitality sectors across major Indian cities. It estimates total revenue opportunities of approximately Rs. 149 crore annually from new home installations, Rs. 40 crore from renovated homes, Rs. 22 crore from commercial buildings, and Rs. 47 crore from hotels. The analysis involves making assumptions about factors like average revenue per installation, market penetration rates, and occupancy rates to estimate city-wise and sector-wise breakdowns. The financial projections will help NCC Telecom devise an effective strategy and business plan to capitalize on new revenue
Impact of COVID19 on Real Estate in IndiaSam Ghosh
According to a JLL report, sales of residential units decreased by 29% in Q1 2020 over the same period last year. Net absorption of office spaces in Q1 2020 witnessed a decline of 30% from the peak observed in Q1 2019. The real estate industry Is dealing with distress in the short term without any doubt.
Long term prospects are quite mixed though.
Young professionals are likely to avoid shared accommodations in the aftermath of COVID and prefer either owning or renting/leasing private accommodations. A lower interest rate environment creates a favourable environment. Although financial uncertainties may stop them from committing to debt payments. Well designed package of flexible financing, leasing, and payment options may help residential real estate players grow in spite of economic slump.
For commercial real estate players, work from home culture and subdued business sentiment draw a bleak picture. The focus should be on maintaining occupancy and alternative use of assets.
Social distancing, economic distress, and rapid growth of e-commerce may affect long term prospects for retail real estate. Retail real estate players need to adapt to changes in demand. For example, cloud kitchens in place of sit-down restaurants and high-street shops in place of malls.
A lingering fear of infection, work from home culture, etc. may cause medium-term depression in both business and leisure travel. This will result in depressed demand for the hospitality sector for a few quarters. Hospitality real estate players need to find an alternative use for their assets if the hospitality demand does not pick up and operators start going out of business.
This document provides an overview of 15 emerging growth centres in India and analyzes their real estate markets. It discusses the key drivers that are fueling real estate growth in smaller towns and cities, including rising incomes, growth of industries like IT/ITES, retail expansion, and urbanization. The document then examines the current state of the real estate sector in each of the 15 cities and provides data on rental values, capital values, and major real estate developments for residential, commercial, and retail properties. It also outlines the outlook and future potential for real estate growth in these emerging markets over the next 3-5 years.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
The document provides an overview of the Philippine real estate market and economy from KMC MAG Group, a real estate services firm. It discusses the country's strong economic growth of 7.2% in 2013, driven by the business process outsourcing industry and private consumption. Real estate performed well across sectors, with office leasing remaining active and residential yields around 7.4%. The document predicts continued economic and real estate market strength in 2014, noting factors like low interest rates, foreign investment, and infrastructure projects. Risks include volatility from other countries adjusting monetary policies.
EY point of view - US mortgage banking M and A trends and outlookDevashish Jain
The document discusses consolidation trends in the US mortgage banking industry. Long-term growth is expected through mergers and acquisitions as participants look for ways to cut costs and remain competitive in the face of regulatory pressures and uncertainties. Various factors are impacting the industry such as interest rates, Dodd-Frank rules, and potential disruptions from financial technology companies. M&A activity is expected to continue accelerating as smaller players are unable to achieve economies of scale.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Charade & Shadows of India's Currency Remonetization 2016Shantanu Basu
Briefly analyzes India's currency remonetization and concludes that there murky details in the background that do not synch with the stated official objectives.
The document provides an overview of the real estate industry in India. It discusses that the Indian real estate sector is the second largest employer in India and is expected to grow at 30% over the next decade. It includes subsectors like housing, retail, hospitality, and commercial. The government has initiated policies like the Sardar Patel Urban Housing Mission to develop 30 million houses by 2022. The real estate market size is expected to reach $180 billion by 2020. CREDAI is the main regulatory body for the real estate sector in India.
Real estate - Making India_Ernst and YoungPratik Chawla
The real estate sector in India slowed down in recent years due to reduced demand, rising construction costs, and high debt costs. However, the sector is now showing signs of recovery due to political stability under the new government, proposed reforms, and initiatives like the smart cities project. Real estate contributes significantly to India's GDP and job creation. The new government's policies aim to boost growth in the sector through measures like increased foreign investment, a housing program, and allowing real estate investment trusts.
The document discusses trends in the Indian real estate sector. It notes that the urban population in India is expected to increase to 600 million by 2031 which will drive demand for residential real estate. Foreign direct investment in the sector has grown substantially over the past decade and is expected to reach $25 billion annually by 2022. The Indian construction market is projected to more than double to $649.5 billion by 2020 due to rapid urbanization and economic growth.
The document discusses the Indian real estate sector. It notes that India is expected to become one of the largest economies in the world by 2050. The real estate sector is a major driver of the Indian economy, contributing around 5-6% to GDP. However, the sector has faced challenges such as unorganized growth, stringent FDI policies, and regulatory complexities. Recent reforms have liberalized FDI and modernized land records. Going forward, the sector is expected to grow significantly to meet rising housing and infrastructure demands, though it faces risks such as market transparency and macroeconomic volatility. The document advocates learning from China's experience to further develop the Indian real estate sector.
The document provides an overview and outlook of the Malaysian property market in 2017. Some key points:
- The Malaysian property market slowed in 2016 with decreasing property prices, rents, transactions and values in major cities.
- Affordability remains a major issue for many Malaysians, with the average household only able to afford a RM450,000 property.
- The government took measures in 2016 like interest rate cuts to boost spending, but rising costs have offset this.
- High mortgage rejection rates over 50% are expected to continue in 2017 mainly due to bad credit records and low incomes.
Real estate is one of the fastest growing sectors of the Indian economy and contributes about 5 per cent to India's gross domestic product (GDP).
The country's economic growth is driving the demand for real estate in India. Demand for residential space is expected to grow at a compound annual growth rate (CAGR) of 19 per cent between 2010 and 2014 - Tier 1 metropolitan cities are expected to account for about 40 per cent of this. The top three cities - Mumbai, the NCR and Bengaluru account for 46 per cent of total office space demand in India.
Indian real estate sector is the fourth largest sector in terms of foreign direct investment (FDI) in the country. During April 2012-January 2013, the sector accounted for 8.8 per cent of total FDI inflows into India. FDI in the sector is estimated to grow to US$ 25 billion in the next 10 years.
Growing requirements of space from sectors such as education and healthcare provide opportunities in the real estate sector. Growth in the number of tourists has resulted in demand for service apartments.
This document analyzes housing affordability for Generation Y in Jakarta based on price to income ratios. It finds that over 95% of Indonesian Gen Y cannot afford to own a house due to high property prices rising faster than salaries. Housing prices in Jakarta increased 17% from 2017-2019, far more than the typical 10% salary increase. Gen Y preferences for housing focus on specifications, future considerations, and dweller characteristics, but high prices and taxes negatively impact affordability. Solutions proposed to improve affordability include increasing housing supply, adjusting planning systems, and expanding affordable housing developments to outlying areas.
This Presentation about future of real estate. I've tried to explain this thing in a very easy way & understandable manner. I hope, reader will enjoy the reading.
This document discusses top residential investment destinations in India from 2013-2017. It outlines the methodology used to select these destinations, which involves picking top cities based on factors like population and business activity, then dividing cities into zones. Zones are analyzed based on current and projected employment growth in driver industries like IT/ITeS. Key destinations are then selected in each zone based on factors like infrastructure development, commute times, and potential price appreciation. The top destinations projected to outperform in terms of investor returns over the next 5 years are identified for various regions across India.
The document provides an overview of the real estate sector in India. Some key points:
- India's real estate market size is expected to increase from US$ 126 billion in 2015 to US$ 853 billion by 2028 growing at a CAGR of 15.2%.
- Rapid urbanization and rising incomes are driving demand for residential and commercial real estate across major cities.
- The housing shortage in India is estimated at around 10 million units in urban areas and 48.8 million units in rural areas presenting significant growth opportunities.
- Metros like Mumbai, Delhi, and Bengaluru are major demand drivers for office space while retail space demand is growing with organized retail expansion.
Before the pandemic, themes that were driving technology demand in the capital markets were regulatory compliance and cost-cutting.
Technologies in demand in the capital markets in recent years were Big Data, AI/ML, Blockchain, and Cloud Computing.
Even amid the global economic gloom, the capital markets were not uneventful. As per S&P Global, the global bond issuance is expected to be 16% higher in 2020 compared to 2019 amid record-low interest rates and markets flooded with liquidity. As per data from the World Federation of Exchanges, the value of share trading globally registered a 49.74% increase in H1 of 2020 compared with H2 of 2019. Exchange-traded derivatives volumes were up 23.4% when compared with H2 2019, reaching a record 21.72 billion contracts traded.
Cost pressures, exacerbated by COVID-19, likely to accelerate automation initiatives as banks cut headcounts rapidly.
Technology implementations due to compliance requirements such as the Second Markets in Financial Instruments Directive (MiFID2) and the Fundamental Review of the Trading Book (FRTB) likely to be sources of demand for companies providing technology to the capital market sector. The companies providing automation of compliance processes are already attracting a higher amount of venture funds. Technology providers focusing on Data Analytics, AI/ML, IaaS and Biometrics, etc. are expected to gain from the trends.
Another important factor is the rapid adoption of work-from-home culture. A significant portion of the firms may opt for a permanent work-from-home or a hybrid work culture. This shift is likely to increase demand for cloud transformation services.
Even though many financial services firms may cut IT spending for a few quarters, compliance automation, cost-cutting initiatives, and cloud transformations will continue to create demand for capital market technology providers.
NCC Telecom has conducted a market analysis to forecast demand for its home automation products and services over the period of 2009-2013. The analysis examines demand in the residential, commercial, and hospitality sectors across major Indian cities. It estimates total revenue opportunities of approximately Rs. 149 crore annually from new home installations, Rs. 40 crore from renovated homes, Rs. 22 crore from commercial buildings, and Rs. 47 crore from hotels. The analysis involves making assumptions about factors like average revenue per installation, market penetration rates, and occupancy rates to estimate city-wise and sector-wise breakdowns. The financial projections will help NCC Telecom devise an effective strategy and business plan to capitalize on new revenue
Impact of COVID19 on Real Estate in IndiaSam Ghosh
According to a JLL report, sales of residential units decreased by 29% in Q1 2020 over the same period last year. Net absorption of office spaces in Q1 2020 witnessed a decline of 30% from the peak observed in Q1 2019. The real estate industry Is dealing with distress in the short term without any doubt.
Long term prospects are quite mixed though.
Young professionals are likely to avoid shared accommodations in the aftermath of COVID and prefer either owning or renting/leasing private accommodations. A lower interest rate environment creates a favourable environment. Although financial uncertainties may stop them from committing to debt payments. Well designed package of flexible financing, leasing, and payment options may help residential real estate players grow in spite of economic slump.
For commercial real estate players, work from home culture and subdued business sentiment draw a bleak picture. The focus should be on maintaining occupancy and alternative use of assets.
Social distancing, economic distress, and rapid growth of e-commerce may affect long term prospects for retail real estate. Retail real estate players need to adapt to changes in demand. For example, cloud kitchens in place of sit-down restaurants and high-street shops in place of malls.
A lingering fear of infection, work from home culture, etc. may cause medium-term depression in both business and leisure travel. This will result in depressed demand for the hospitality sector for a few quarters. Hospitality real estate players need to find an alternative use for their assets if the hospitality demand does not pick up and operators start going out of business.
This document provides an overview of 15 emerging growth centres in India and analyzes their real estate markets. It discusses the key drivers that are fueling real estate growth in smaller towns and cities, including rising incomes, growth of industries like IT/ITES, retail expansion, and urbanization. The document then examines the current state of the real estate sector in each of the 15 cities and provides data on rental values, capital values, and major real estate developments for residential, commercial, and retail properties. It also outlines the outlook and future potential for real estate growth in these emerging markets over the next 3-5 years.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
The document provides an overview of the Philippine real estate market and economy from KMC MAG Group, a real estate services firm. It discusses the country's strong economic growth of 7.2% in 2013, driven by the business process outsourcing industry and private consumption. Real estate performed well across sectors, with office leasing remaining active and residential yields around 7.4%. The document predicts continued economic and real estate market strength in 2014, noting factors like low interest rates, foreign investment, and infrastructure projects. Risks include volatility from other countries adjusting monetary policies.
EY point of view - US mortgage banking M and A trends and outlookDevashish Jain
The document discusses consolidation trends in the US mortgage banking industry. Long-term growth is expected through mergers and acquisitions as participants look for ways to cut costs and remain competitive in the face of regulatory pressures and uncertainties. Various factors are impacting the industry such as interest rates, Dodd-Frank rules, and potential disruptions from financial technology companies. M&A activity is expected to continue accelerating as smaller players are unable to achieve economies of scale.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Charade & Shadows of India's Currency Remonetization 2016Shantanu Basu
Briefly analyzes India's currency remonetization and concludes that there murky details in the background that do not synch with the stated official objectives.
The document provides an overview of the real estate industry in India. It discusses that the Indian real estate sector is the second largest employer in India and is expected to grow at 30% over the next decade. It includes subsectors like housing, retail, hospitality, and commercial. The government has initiated policies like the Sardar Patel Urban Housing Mission to develop 30 million houses by 2022. The real estate market size is expected to reach $180 billion by 2020. CREDAI is the main regulatory body for the real estate sector in India.
Real estate - Making India_Ernst and YoungPratik Chawla
The real estate sector in India slowed down in recent years due to reduced demand, rising construction costs, and high debt costs. However, the sector is now showing signs of recovery due to political stability under the new government, proposed reforms, and initiatives like the smart cities project. Real estate contributes significantly to India's GDP and job creation. The new government's policies aim to boost growth in the sector through measures like increased foreign investment, a housing program, and allowing real estate investment trusts.
10 Consumer Expectations From Real Estate In 2015CommonFloor.com
The year 2014 began with anticipation among the real estate fraternity regarding the general elections in the country. Then came ‘The Day’ when, with a clear majority, BJP tsunami swept the entire nation. Several interesting events preceded soon after which raised people’s expectations from the Modi government. Plagued by the economic malaise, the markets suddenly showed signs of revival with Sensex appreciating past 25K mark and the rupee recovering against the US dollar. Further, the new government in its maiden budget opened a jackpot for realty and infrastructure sector and set the stage for ‘acche din’ ahead. In line with the progressive manifesto of BJP, which largely spoke of Housing for All by 2022, a mammoth budget of Rs 4,000 crore was allocated for affordable housing.As part of ‘Real Insights’ into real estate, CommonFloor.com recently conducted a survey to understand property buyers’ sentiments- Real Estate Outlook: H1 2015.Here are the highlights for you.
This presentation was prepared for Larsen and Toubro's Outthink -2016 case study competition. The case was based on project finance, where participants were asked to perform a feasibility analysis of a real estate project.
OBJECTIVE
Covid-19 has gripped the entire world including India with its adverse impact, affecting predominantly all industries and sectors. In these times of economic and financial distress owing to the catastrophic outbreak, we would intend to discuss the influence of Covid 19 on the Indian real estate sector. The sector was already having a bad phase before the outbreak of Covid-19; we shall focus on the opportunities which the pandemic would bring for its revival and the way forward in re-engineering the entire sector.
This document is an information memorandum from ABC Pvt Ltd regarding a real estate project. It includes an executive summary on the positive outlook for the Indian real estate industry in 2015, driven by factors such as increased economic growth and job creation. It then provides details on the macro scenario and growth prospects for the residential and commercial real estate sectors in India, with a focus on affordable housing. Key statistics on housing demand, inventory, and office/commercial space absorption are also presented.
The survey of members of the Society of Chartered Surveyors Ireland (SCSI) shows that the residential property market improved in 2013, with over 80% of surveyors reporting increased sales activity. Prices rose significantly in Dublin, by around 15.7%, but changes varied regionally. Supply constraints, particularly a lack of family homes, were noted as a challenge. While mortgage finance availability improved somewhat, cash transactions remained common due to issues like negative equity. Surveyors expected moderate further price increases in Dublin in 2014 if supply issues are addressed, but more subdued performance regionally.
360 Realtors has launched its Quarterly Real Estate Report (Q1 FY 20), covering 5 major Indian Property Markets- Delhi NCR, Mumbai Metropolitan Region (MMR), Hyderabad, Bangalore &, Pune. The in-depth report has captured critical parameters such as transaction growth, price trends, supply-demand pattern, infrastructure update & much more across key Indian cities.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2018 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Commercial Real Estate Outlook provided by the National Association of Realtors reporting on the economy, major commercial real estate sectors including industrial, retail, office and multi-family / apartment sectors
TRREB reported 4,581 home sales in January 2020 – up by 15.4 per cent compared to January 2019 and up by 4.8 per cent compared to December 2019.
“Steady population growth, low unemployment and low borrowing costs continued to underpin substantial competition between buyers in all major market segments,” said TRREB President Michael Collins.
The average selling price in January was up by 12.3 per cent, driven by the detached houses & condominium apartments.
The real estate industry in India has experienced rapid growth and contributes significantly to the country's GDP and employment. It includes residential, commercial, retail, and hospitality segments. Key factors driving growth include rising incomes, increased availability of financing, and urbanization. While growth has been highest in major cities, smaller cities and towns are also expanding. The industry generates substantial demand for raw materials and employs many workers. Overall revenues are projected to reach $180 billion by 2020, representing a compound annual growth rate of 11.6%. The residential sector faces an urban housing shortage of over 18 million units. Commercial real estate also offers investment opportunities, though larger minimum investment sizes. The retail sector is seeing increased organized development and foreign investment.
This document summarizes findings from a survey of 150 customers in Chittagong, Bangladesh about their preferences and expectations regarding real estate properties.
The key findings include:
1. Most customers (53%) had budgets between 40-50 lakh taka for an apartment.
2. Economy apartments were the most popular type preferred by 57% of customers.
3. Apartment sizes between 1250-1550 square feet were preferred by 66% of customers.
4. Popular locations included Khulshi Hills (15%) and Agrabad/Sugondha R/A (11%).
5. Important facilities included good communications (25%) and security (16%).
6. The
This document summarizes a study on customer perceptions and expectations of the real estate industry in Chittagong, Bangladesh. It conducted surveys of 150 customers to understand their preferences in terms of budget, apartment size and type, location, and factors considered when selecting a property and developer. The key findings were that over half of customers had a budget of 40-50 lakh taka for an apartment, with many also willing to spend over 50 lakh. The study provides insight into this important industry from the customer perspective in Chittagong.
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Indian residential real_estate_consumer_sentiment_survey_report_h1-2019
1. Indian Residential Real Estate
Consumer Sentiment Survey
H1 2019
anarock.com
Indian Residential Real Estate
Consumer Sentiment Survey
H1 2019
2. The Indian real estate is currently riding on a new wave of optimism, following
the triple benefits offered to it by the government in less than just two months
of 2019. Acting like the booster shots, these sops will not only spike up home-
buyers’ sentiments but also boost confidence of other stakeholders concerned
– developers and long-term investors. From sops in the Union Budget to meagre
fall in home loan rates post RBI’s cut in repo rates and to the most recent GST
rate cut for both affordable and premium homes, this was precisely the start that
residential sector needed to accelerate its momentum in 2019.
In retrospect, housing sales and new supply saw green shoots of revival in 2018
but issues like liquidity crunch, stalled/delayed projects, high capital cost etc.
continued to grapple the residential sector. The NBFC crisis in second half of
2018 added fuel to the fire and hijacked the residential sector’s growth over the
short to mid-term. While we anticipated its deep spill-over effect in 2019, the
government and the RBI’s concerted efforts to pull the sector out of its woes
are aiding in at least boosting the confidence of homebuyers, rather than further
aggravating it. These sops will go on to aid fence-sitters to take the plunge and
thereby increase sales for developers who are keen to clear their total unsold
stock of 6.73 lakh units across the top 7 cities.
In this backdrop, ANAROCK Property Consultants conducted
a comprehensive survey - Real Estate Consumer Outlook:
H1 2019 - to understand what property seekers are thinking
and whether the current macroeconomic environment is
conducive for them to take the plunge in the property market
or not. Besides analysing the future trends based on buyer’s
preference, the report also delves deeper into the past
behaviour of property buyers from the demand and supply
perspective.
We hope that this report will provide valuable insights to not
just consumers, but also other stakeholders in the Indian realty
sector including developers, real estate consultants, and local &
international property investor community.
ANUJ PURI
Chairman
ANAROCK
Foreword
02 Indian Real Estate Consumer Sentiment Survey: H1 2019
3. Indian Real Estate Consumer Sentiment Survey: H1 2019 03
“Affordable Housing has gained
centre-stage in residential
segment today due to multiple
sops offered by the government
over the last 5 years, driving
both sales and new supply. It
comprised 39% share of overall
new supply between 2014-2018.”
4. Methodology
Similar to the preceding survey, the second edition
of the ANAROCK Consumer Sentiment Survey – H1
2019 tries to understand buyers’ preference and
their consumption pattern which invariably leads to
emergence of significant trends in the Indian real estate
industry. The main aim of the survey is to provide
all stakeholders – consumers, developers, investors,
sellers and owners including local and expatriates –
deeper insights into the property market purely from a
consumer perspective.
Conducted in the first quarter of 2019, the online
survey saw nearly 2,797 participants (including NRIs)
responding to it via different sources including email
campaign, a web link and LinkedIn messages. The
sample was carefully selected so that it would give a
relatively fair representation of the overall population
demographics in terms of geographical distribution.
Thereafter, the answers collected were analysed in-
house and data was correlated to the present economic
conditions. The views expressed in the report are
completely unbiased.
2,797
No. of participants that
responded via online multi-
channel survey (conducted
through email, web link &
LinkedIn)
The Survey
04 Indian Real Estate Consumer Sentiment Survey: H1 2019
7. Annual Family Income
Above INR 35 Lakh
Between INR 26 Lakh - INR 35 Lakh
Between INR 16 Lakh - INR 25 Lakh
Between INR 11 Lakh - INR 15 Lakh
Under INR 10 Lakh
Demographic distribution
Indian Real Estate Consumer Sentiment Survey: H1 2019 07
Age Group
Gender Typology
Male Female
16%
78% 22%
29% 23% 17% 15%
3%
> 55 years
8%
< 25 years
40%
35-45 years
33%
25-35 years
16%
45-55 years
8. 08 Indian Real Estate Consumer Sentiment Survey: H1 2019
Best asset
class for
investment?
With the dust of DeMo, RERA and GST finally
settling in and Indian real estate seeing green
shoots of revival in 2018 – with both housing
sales and supply numbers seeing a rise – buyers’
faith in real estate seems revitalized. Investors,
who too had taken a back seat in previous
years saw a revival in their faith in real estate
over other asset classes namely stocks and
mutual funds, gold and FDs largely because of
increased transparency and efficiency.
Year 2019 began on a positive note with the
government announcing multiple sops to
both consumers and investors in the Interim
Budget and further reduction of GST rates in
under construction properties. Thus, consumer
sentiments in the prevailing market conditions
seemed positive as nearly 57% respondents
preferred to invest in real estate as an asset
class, its share increasing by 4% against the
preceding survey - H2 2018. Several factors
that worked in favour of real estate included
competitive property prices, GST rate cuts and
budget announcements favouring particularly
affordable housing. This eventually boosted
confidence of both buyers and investors and is
likely to further improve residential demand in
the coming quarters.
Interestingly, the stock market and mutual
funds – despite being volatile in nature – is the
second preferred choice among all respondents
with 25% preferring it over FDs or gold. In
comparison to previous survey results, there
was a meagre increase of 2% in its overall share.
57%
Prefer to invest in real estate
As per ANAROCK consumer
sentiment survey,
13%
Prefer to invest in fixed deposits
5%
Prefer to invest in gold
25%
Prefer to invest in stock market
and mutual funds
Falling interest rates in FDs make it a not-
so lucrative option for investment
9. Despite being the least risky investment option
in the prevailing scenario, only a handful
comprising 13% respondents preferred to park
their money in fixed deposits as an asset class.
Falling interest rates over the last few years –
from 7.75% in March 2016 to as low as 6.8% in
2019 - has been a major deterrent for investors
looking to invest in FDs. In fact, its share
declined further by 1% as compared to previous
(H2 2018) survey results.
Surprisingly, gold as an asset class for
investment, continued to lose its sheen even
further with merely 5% respondents preferring
it over other asset classes. Investors are
increasingly getting sceptical on its lustre
because with changing times more and more
people are having access to modern financial
systems that offer a variety of asset classes for
investment. Thus, gold – now being considered
a dead asset by many – is largely attractive to
those who are still not aware or accessible to
other financial asset classes
At the city-level, Kolkata saw least preference
for real estate as an asset class among all other
cities in the country as only 44% respondents
preferred to invest in it. It’s for this reason
probably that the pile of unsold stock in the city
increased by 3% in December 2018 to 49,470
units against the previous year. Meanwhile,
nearly 28% participants preferred FDs in the
‘City of Joy’ – highest amongst all cities. In
contrast, Bangalore saw maximum participants
(comprising 68%) looking to invest in real estate.
As expected, people in Tier 2 & 3 cities also
largely preferred real estate over other asset
classes.
Interestingly, 36% participants in MMR preferred
to invest in stock markets and mutual funds –
the highest in the country. Rightly so, people in
the financial capital bestowed faith in this asset
class as the returns were far better than even
real estate over the last five years. For instance,
BSE Realty itself saw 25% jump during the
period.
Despite being volatile in nature, the investments
in the stock market remained buoyant in most
cities over the last one to two years with Sensex
soaring as high as 37,800+. And, due to the
slowdown seen in the Indian real estate market,
most investors saw the stock market as the best
alternative. Also, investors looking for short term
gain preferred to invest in stocks and mutual
funds as against other asset classes.
This was also seen in the jump in number of
NRIs considering stocks as an investment
option. As many as 35% respondents now prefer
to invest in it as against just 22% in the previous
survey. One of the prime reasons for this surge
could be the declining faith of NRIs in Indian real
estate due to incessant project delays. Since
most NRIs buy under construction properties
to yield maximum returns, their faith has been
jostled, particularly in NCR where several
projects are still in a limbo. origin still makes
NRIs consider real estate as the best investment
option. The ongoing visa challenges for Indians
in the US is also a major reason why NRIs are
opting to invest in real estate here so that on
their return they have a property to bank on.
Indian Real Estate Consumer Sentiment Survey: H1 2019 09
Merely 44% participants in Kolkata prefer
real estate as an asset class for investment
35%
21% 20% 25%
67%
47%
55%
4%
16%
4%
8%
17% 16%
63%
2%
Abroad
-NRI
Tier 2 &
3 Cities
Mumbai
-MMR
HyderabadDelhi-NCR
15%
24% 30%
15%
36%
64%
44%
51%
67%
49%
15%
5%
5% 2%1%
6%
27%
14% 16%14%
City-Wise Preferred Assest Class
10. for prospective buyers was the high GST
rates. However, in a recent development, the
government slashed the GST rates of under
construction properties to 5% without ITC for
premium properties and merely 1% without ITC
for affordable homes. This is likely to attract
more buyers to make a property purchase
and thereby boost up housing sales. Another
booster for the real estate sector was offered
in the interim budget in February wherein the
government offered multiple sops to both -
affordable buyers and investors as well. This
is likely to bode well for the overall residential
sector in 2019, provided a new stable
government is formed at the Centre who takes
on the baton of change further.
Indian real estate sector is in a sweet spot
now due to the new reformatory environment
marked by greater transparency and efficiency.
This is extremely beneficial not only for
developers but also for the homebuyers.
Positive buyer sentiments, favourable
macroeconomic conditions and better-valued
products at the right location have prompted
approx. 24% of the respondents to successfully
purchase a property over the last few quarters.
This is followed by 35% of the respondents
who are looking buy a home within the next six
months.
The rise in consumer sentiments was further
validated by the declining number of unsold
stock. As per ANAROCK data, the unsold
inventory across the top 7 cities declined by
7% to 6.73 lakh units in Q4 2018 as against 7.26
lakh units in Q4 2017, indicating that due to
the overall positive sentiments among home
buyers, those sitting on the fence since long
have ultimately taken the plunge. Interestingly,
25% respondents will buy within 2019 itself.
Having said that, there are still 16% respondents
who are confused and thus hesitant to make
an informed decision about investing in real
estate in 2019. One of the major deterrents
60%
consumers likely to take the plunge in
Indian real estate within 2019
Already
bought or
looking to buy
a property?
10 Indian Real Estate Consumer Sentiment Survey: H1 2019
24%
35%
16%
25%
11. 50%
buyers bought property in
2018 due to attractive prices
Attractive prices
Gain confidence due to RERA
implementation
Low home loan rates
Other
Despite all headwinds including the liquidity
crisis in 2018, housing sales and new launches
jumped up by 18% and 33% respectively across
the top 7 cities compared to 2017, as per
ANAROCK data. Interestingly, the residential
inventory overhang came down to a year low -
from 47 months in Q4 2017 to 33 months in Q4
2018 across the top 7 cities. The DeMo effect in
late 2016 had increased it to 50 months in Q1
2017 from 40 months in Q4 2016. At any given
point, an inventory overhang of 18-24 months
signifies a fairly healthy market.
This decline in the overall inventory numbers
indicated that the Indian residential sector
had somewhat adjusted itself to the new
structural changes and was poised to grow
from the previous years. Interestingly, one of
the major reasons that influenced over 50%
of the home buyers to take the plunge in 2018
was attractive prices offered by developers.
The fact that developers cautiously launched
projects and matched it with the inherent
buyer demand helped sales pick momentum
in 2018 to a large extent. Simultaneously, they
reduced the average property sizes to fit their
product in the ‘affordability bracket’ for many
discerning buyers.
Another factor that influenced nearly 22%
respondents to buy property in the previous
year was RERA implementation. Buyer
confidence saw a significant boost post the
launch of this landmark reform which is set
to alter the very scarred image of the Indian
real estate sector. Though states have diluted
certain rules, yet buyer confidence is high
because of the concerned authority that is
addressing the complaints of the disgruntled
buyers. This helped them to purchase
their dream property. Further, approx. 20%
respondents purchased the property due to
lower home loan rates. If we look back, housing
loan interest rates have declined by 16% in 5
years - from the average of nearly 10.3% in 2014
to approx. 8.85% in 2018.
Indian Real Estate Consumer Sentiment Survey: H1 2019 11
If already bought within
last one year, specify the
key reason for buying the
property?
the past few years. Interestingly, besides
NRIs, the respondents in Tier 2 & Tier 3 cities,
NCR and Hyderabad also have as many as
45%, 43% & 38% respondents respectively
looking to invest.
Main reasons
that influence
the property
purchase
50%
8%
20%
22%
12. Factors Influencing Homebuyers City-wise
RERA implementation influenced over 50%
buyers in Delhi-NCR to buy a property in
2018
12 Indian Real Estate Consumer Sentiment Survey: H1 2019
2% 2%
14% 17%
27%
15%
13%
82%
36% 38%9%
22%
27%
58%
31% 51%
18%
7%
4%
26%
4%
40%
32%
59% 54%
31%
61% 38%
12%
52%
18%
Abroad
-NRI
Attractive Prices Gain Confidence due to RERA implementation Lowest home loan rates Other
Tier 2 &
3 Cities
Mumbai
-MMR
HyderabadDelhi-NCR
respondents to buy a property, followed by
MMR, Bangalore and Pune with 59%, 54% and
52% respectively. In an unusual scenario, more
than attractive prices, Delhi-NCR saw 50%
buyers buy property due to effective RERA
implementation within the region. This clearly
suggests that for buyers in NCR, more than
pricing it is the unscrupulous activities of few
developers that was a major cause of worry.
On the other hand, in Kolkata and tier 2 & 3
cities, RERA has hardly made any impact on
their buying decisions. Surprisingly, lower home
loan rates have impacted at least 58% and 27%
respondents respectively in them.
Alternately, for 62% NRIs, RERA
implementation was the major factor
influencing their buying decision. Rightly
so, NRIs largely invest in under construction
properties and the prevailing issue of stalled/
delayed projects prevented them from going
ahead with their decisions. Hence, RERA gave
them the confidence to make investments in
Indian real estate.
The reformatory changes in the Indian real
estate sector post the formation of a new
government in 2014 gave a major setback to
developers as housing sales declined y-o-y. This
was an expected trend given that any policy
change exhibits teething issues coupled with
all-round confusion. However, with the dust
of the reforms settling in, 2018 saw housing
sales jump up by 18% against preceding
year. The reason that triggered this jump
was largely the attractive prices offered by
developers. To clear their unsold stock, many
developers offered freebies and discounts to
the yearning customers and eventually lured
them to buy property. Interestingly, attractive
prices in Hyderabad lured as many as 61%
27%
13. Given a chance, will you
consider buying again with the
same developer with whom you
bought your last property?
In today’s time, customer satisfaction is of
paramount importance for most companies
providing a product or any service to people.
Thus, in order to understand how consumers’
felt about their product from their respective
developer, we came up with this question.
Surprisingly, only 52% of the respondents
seemed satisfied with their earlier-bought
home and given a chance they will again buy a
property from the same developer.
At the city-level, majority respondents (about
68%) in Delhi-NCR will not consider buying
a property from the same developer. It is no
surprise that buyers in this region have been
left at the mercy of their developer’s whims
and fancies. Also, other factors that could
be preventing buyers is either due to project
delay or a compromise with quality. Many
homebuyers in NCR incessantly complain of
the quality of their homes. Similarly, in Kolkata
too, more than 63% buyers will not consider
buying a second property from the same
developer.
On the contrary, end-user driven markets
like Bangalore, Pune and Chennai seem to
be satisfied with the developer as a greater
number of respondents will buy their
second home from the same developer if
given a chance. This suggests that there is
more professionalism in these markets with
developer giving close to what they promise.
Indian Real Estate Consumer Sentiment Survey: H1 2019 13
No Yes
Abroad
-NRI
Bangalore Chennai Pune Tier 2 &
3 Cities
Mumbai
-MMR
HyderabadDelhi-NCR
41%
67%
60%
32%
48% 37%
55%
62% 64%
59%
33% 40%
68%
52%
63%
45% 38% 36%
48%
buyers state that if given a chance they
will not buy a property from the same
developer
14. Will this property be for end-use
or for investment
In a role reversal, end-users have kept the
real estate market ticking over the last few
years, while investors have taken a back
seat. Sales have been largely spearheaded
by ‘real’ buyers who are buying for their
self-use. Given that a large number of
people are migrating to cities due to
better job prospects, they prefer to buy
a property within the city of their work.
As a result, there is massive demand for
homes across the top cities. Also, stagnant
property prices in these cities due to the
overall slowdown in real estate market
over the last few years has cautioned
investors to sit back and watch.
Therefore, similar to the previous survey
(H2 2018), buying a property for end-use
is still the major motive with nearly 58%
property seekers looking for their self-
use while only 42% looking to buy for
investment purpose. However, there was
a 10% increase in those respondents who
want to buy real estate as an investment.
Several factors are adding on to make
property investment a lucrative option
for the discerning investors. helping the
unsold stock across the country to reduce
significantly.
For the housing sector to do well in the
long run, the ‘real’ need was to woo
back long-term investors who exited the
residential market along with speculators.
Realizing this, the government offered
multiple sops to investors in the recent
interim budget. For instance, the TDS
threshold limit for house rents have been
increased up to INR 2.4 lakh from the
previous INR 1.8 lakh. It is likely to attract
more investors for buying second homes
to earn rental income. Also, rollover
of capital gains tax on sale of houses
increased from 1 house to 2 houses will
incentivize genuine home buyers and
investors to buy new houses. The tax on
notional rent of a second home has been
exempted, once again making property
investment more attractive and also
giving a fillip to second home ownership
sentiment.
14 Indian Real Estate Consumer Sentiment Survey: H1 2019
42%
58%
End-use Investment
42%
buyers bought property for investment,
up by 10% against last survey
`
15. As expected, NRIs and buyers in Tier 2 & 3
cities were largely looking to buy a property
from an investment perspective. Rightly so,
NRIs are looking to invest in India in recent
years due to multiple reasons including a new
reformatory environment, the depreciating
rupee value against dollar and their preference
to invest in the country of their origin. On the
contrary, all top cities saw major participants
opting to buy for self-use. Surprisingly, the
southern city of Chennai had nearly 72%
respondents as end-users, followed by Kolkata
with 71%, Pune with 69% and Hyderabad with
65%.
Unlike earlier, Bangalore, which is largely
known for being an end-user driven market,
saw a reverse trend in the current H1 2019
survey findings wherein there was a good 19%
increase in the share of those looking to buy
property for investment. As per the recent
survey, the share of respondents looking to
invest in property in the IT capital jumped to
44% from the previous 25% in H2 2018.
Burgeoning commercial activity, a cutting-
edge start-up culture and realistic property
prices dictated by end-user demand have kept
Bangalore’s real estate market vibrant, and
generally more resilient than other cities. The
strong IT/ITeS economic dynamo continues to
power most of the city’s residential demand
and supply, and housing sales have remained
healthy despite all macroeconomic headwinds.
In fact, the city’s housing sales increased by
33% in 2018 against the preceding year, the
highest amongst all cities. Overall unsold stock
declined by 24% and stood at 73,340 units in
Q4 2018 in contrast to 96,000 units in Q4 2017.
In contrast, speculative markets like Delhi-NCR
and MMR witnessed a reverse trend with more
end-users stepping forward.
Meanwhile, tier 2 & 3 cities respondents
emerged as the most optimistic towards
buying property for investment with nearly
60% votes in favour of buying property for
investment. The share of investors increased by
15% in the current survey results.
The very fact that the smaller towns are being
seen as the future growth engines of the
country is attracting investors to consider
property buying here. More so, the ambitious
100 Smart Cities program which aims to
transform the selected cities’ real estate
markets across the country saw some of
these smaller cities show maximum progress
than their tier 1 counterparts. This effectively
has paved way for more investments in the
smaller towns and cities such as Surat, Jaipur,
Vadodara etc.
End-user driven market
of Bangalore saw
44%
respondents buy homes for investment
Indian Real Estate Consumer Sentiment Survey: H1 2019 15
Abroad
-NRI
Bangalore Chennai Pune Tier 2 &
3 Cities
Mumbai
-MMR
Hyderabad KolkataDelhi-NCR
84%
44%
28%
47%
35% 29%
39%
31%
60%
16%
56%
72%
53%
65% 71%
61%
69%
40%
End-use Investment
16. 16 Indian Real Estate Consumer Sentiment Survey: H1 2019
If investment, then what is your
plan?
Rising migrant population in tier 1
cities due to better job opportunities
and rapid urbanization is leading to
a massive demand for housing in the
top 7 cities. As a result, there is an
increased demand for rental housing in
these cities especially by those people
who just started to work or even by
those who have transferred to a new
city with their families. This gives a
good option to those investors who
want to earn a steady rental income.
The survey highlighted that at least
53% respondents who are buying a
property for investment prefer to earn
a rental income. The recent budget
also offered major benefits to such
investors such as increased TDS
threshold on rental income from INR
1.8 lakh to INR 2.4 lakh and benefit
of capital gains tax from investment
in one house to that in two houses.
This will invariably boost demand for
housing as more and more people will
find it lucrative to invest in property
and earn a steady rental income.
Meanwhile, 39% participants preferred
to sell their property after appropriate
appreciation, which is a 5% increase
against H2 2018 survey results. High
disposable incomes and mitigated job
risks has prompted many homebuyers
to have multiple real estate assets
that will essentially fetch them decent
returns in the long term. Moreover, it is
advisable that those looking for good
price appreciation must ideally hold
on to their property for a long-term –
say 5-10 years - so as to get maximum
profits. since time immemorial.
Gone are the days when people
preferred to hoard their real estate
assets for the future. The trend is
largely to invest in it and either earn a
rental income or sell it after making an
appropriate price appreciation.
53%
Earn rental income
39%
Sell a property after
appropriate price
appreciation
8%
Build an asset
for future
53%
property buyers want to earn a steady
rental income
17. If invested in real estate in last
5 years, then have you been
satisfied with the returns?
Indian Real Estate Consumer Sentiment Survey: H1 2019 17
whose balance sheets, at least at the face-
value, appear sound.
Cities that are likely to see consistent
growth over the next few years include
Bangalore, Hyderabad, Pune and MMR. The
former three destinations will continue to
see growth driven by the IT/ITeS sectors.
The Indian real estate sector has
metamorphosed significantly over the last
decade. This pace of transformation has
been accelerated further by the central
government’s reformative steps to bring
in ‘Acche Din’ in the realty sector. A new
regulatory environment has been created
with the implementation of several policies
such as RERA, GST, REITs, the Benami
Transactions (Prohibition) Amendment Act,
2016 and the Pradhan Mantri Awas Yojana
(PMAY), among others, over the last five
years.
These policies have ushered in a new ray
of hope as they are expected to bring in
greater transparency and accountability,
financial discipline, and increased efficiency
in the sector. As a result, the expectations
of buyers have also become more realistic
now – like in the developed nations. Unlike
earlier, speculators have now largely exited
the markets which in a way is good for
overall real estate.
Going forward, it is also imperative that
buyers remain cautious while investing in
real estate. Buyers now realize that real
estate investment no longer works on the
whims and fancies of speculators, rather
with the sector becoming more regulated
under various reformatory changes,
vigilance on any speculative activity has
been stepped up. The ‘good old days’ of
reaping fast and massive profits from real
estate have given way to more realistic
expectations on the returns on investment
- ranging between 8-12% annually. That
said, affordable housing is the flavor of
the season and for investors there is no
better time than today to grab a pie of
this segment. This segment is likely to
fetch the highest returns in the long-term
(almost 8-10% annually) amongst all others
considering that there is immense activity
in the segment. But what buyers must be
extremely vigilant about is selecting the
right property in the right location, with
a builder of good track record and one
62%
buyers satisfied with the ROI on their
property in last 5 years.
38%
62%
Yes No
`
18. 18%
buyers now favour new launch properties
against mere 5% in previous survey - H2
2018
Investment in property is more of a strategy
in today’s time which if gone awry can spell
doom for the buyer as it eventually becomes
a dead asset. Hence, for maximum returns
it is important to buy at the right stage of
construction. But given that lakhs of projects
in the country have been seriously delayed or
are altogether stuck led to massive decline in
demand for new launch projects.
As per ANAROCK data, the top 7 cities
currently have a total stock of 5.6 lakh delayed
units worth INR 4,51,750 Cr. These units were
launched either in 2013 or before it. Lakhs
of buyers across top cities - have been left
in the lurch by their builder, amounting to
inconceivable mental stress and financial
pain. Top cities like NCR and MMR collectively
account for 72% of the total stuck housing
units across top 7 cities worth INR 3,49,010
Cr – nearly 77% of the total worth of the stuck
projects.
Thus, ready-to-move-in properties is seen as
a good value proposition for the discerning
homebuyers which are the least risky. Overall,
about 36% respondents prefer to purchase
ready-to-move-in property, followed by
24% who want a property that will be ready
within the next 6 months, while 22% prefer to
buy those which will be ready within a year.
Interestingly, as per the H1 2019 consumer
18 Indian Real Estate Consumer Sentiment Survey: H1 2019
survey, the share of buyers looking to for buy
a new launched property has improved by at
least 13% against the previous survey H2 2018.
Currently, 18% participants now prefer to
buy new launch properties against 5% in the
previous edition.
RERA implementation across states is the
key reason why buyers’ confidence on new
properties is on a high. Moreover, the last few
years have positively resulted in the exit of few
dodgy developers who scarred the very image
of realty sector. ANAROCK data also suggests
that approx. 80% of the new projects launched
in 2018 were by reputed developers with
relatively strong financial health.
Not surprisingly, 56% respondents in Delhi-
NCR preferred ready properties. Alternately,
NRI respondents showed overwhelming
response towards new launch property
(about 44%), followed by MMR with 27% and
Hyderabad with 23%.
What stage of property would you
prefer?
Abroad
-NRI
Bangalore Chennai Pune Tier 2 &
3 Cities
Mumbai
-MMR
Hyderabad KolkataDelhi-NCR
30%
44%
33%
56%
44%
20%
34%
28% 34%
16%
20%
42%
19%
29%
43%
22%
18% 10%
10%
21%
16% 15%
4%
23%
17%
38% 41%
44%
15%
9% 10%
23%
14%
27%
16% 15%
New Launch Property Ready-to-Move-in To be ready within 6 months To be ready within a year
19. The key reason cited by almost
39%
buyers for opting ready-to-move-in was “safe
bet due to high risk in project execution.”
The issue of stalled projects is currently at
the core of buyers’ discontent. As a result,
ready-to-move-in homes became the flavour
of the season. And as per survey results, the
key reason cited by almost 39% buyers for
opting for them was “safe bet due to high
risk in project execution.”
Simultaneously, nearly 32% property seekers
preferred to buy a ready property with
immediate possession so that they don’t have
to pay both rents as well as EMIs. They would
rather stay in their own house and pay EMIs.
Meanwhile, one of the major deterrents for
homebuyers to purchase under construction
units in 2018 was the high GST rates of 12%
on these properties. Almost 30% property
seekers preferred to save this additional cost
against ready properties which are exempt
from GST. Also, the price margin between
ready and under construction properties
has narrowed down significantly because
of the massive unsold stock in most cities.
Nevertheless, even if an RTM property costs
slightly more, its value is assured. However,
the recent rate cut on GST from 8% to1%
for affordable homes and from 12% to 5% in
regular units will further boost the confidence
of home buyers towards the under-
construction properties.
Indian Real Estate Consumer Sentiment Survey: H1 2019 19
If ready-to-move-in, then what is
the reason to opt for it?
Safe bet-Due to high risk in Project execution To save the GST cost To save the rent
Abroad
-NRI
Bangalore Chennai Pune Tier 2 &
3 Cities
Mumbai
-MMR
Hyderabad KolkataDelhi-NCR
77%
58%
50%
23%
25%
27% 21%
42%
11% 30%
32%
30%
49%
31%
44%
53%
23%
31%
20%
44%
24%
48%
31%
5%
45%
25%
20. 20 Indian Real Estate Consumer Sentiment Survey: H1 2019
For millennial homebuyers, location plays
a significant importance today. They would
rather live closer to their work place or
children’s school than in far-flung suburbs.
As per the survey results, majority 41%
respondents preferred to buy property within
the city limits in close proximity to office/
school or other basic infrastructure facilities.
However, for nearly 38% respondents, sky
rocketing prices in city centres or even within
city limits is proving to be detrimental in
purchasing a property. Hence, they are willing
to buy property in suburban areas.
This was essentially seen in expensive cities
including NCR and MMR where skyrocketing
prices prompted buyers to consider suburban
areas. Add to this, affordable housing project
launches and improved infrastructure facilities
in suburban areas are also driving demand
here.
Interestingly, 22% respondents didn’t care
much for high prices and still preferred to live
in the city centre. Over 30%, 27% and 25% of
respondents from Chennai, Hyderabad and
MMR respectively preferred to buy properties
in the city centre.
Which part of the city do you
intend to buy your property?
Buyers in expensive markets like NCR &
MMR prefer suburban areas for property
buying
Abroad
-NRI
Bangalore Chennai Pune Tier 2 &
3 Cities
Mumbai
-MMR
Hyderabad KolkataDelhi-NCR
24%
9%
21%
30%
24%
27% 25%
20%
36%
26%
38%
29%
31%
48%
28%
37%
67%
43%
44% 47% 42%
27%
56%
62%
16%
43%
City Centre Suburban areas Within city limits ( in proximity to office/school)
21. Indian Real Estate Consumer Sentiment Survey: H1 2019 21
Abroad
-NRI
Bangalore Chennai Pune Tier 2 &
3 Cities
Mumbai
-MMR
Hyderabad KolkataDelhi-NCR
47%
3%
21%
39%
31%
62%
11%
18%
54%
32%
52%
13%
2%
3%
37%
30%
25%
45%
1%
1%
22%
16%
12%
12%
6%
7%
18%
7%
4%
28%
4%
6%
2%
37%
19%
8%
16%
3%
1%
30%
35%
80%
What is your budget for
investment?
At present, mid segment (INR 40 lakh – INR
80 lakh) seems to be the flavour of the season
with nearly 38% respondents favouring to
buy within this budget, followed by 32%
participants who prefer to buy in affordable
category - within INR 40 lakh. Nearly 19%
respondents want to invest in luxury category
(INR 80 lakh-INR 1.5 crore) and only 11% want
to buy above INR 1.5 crore budget range.
Collectively, these two segments account for
whopping 70% of the buyer demand.
Following increased buyer demand, builders
have consciously launched projects in
categories that buyers prefer. This is validated
by data which indicates that the share of
new supply in affordable and mid segment
combined (within INR 80 lakh) was a whopping
77% over the last five years, with 39% in
affordable and 37% in mid segment.
Moreover, following the government’s push for
affordable housing over the last five years - in
line with its vision of Housing for All by 2022 -
there has been a significant increase in activity
in this segment. Several builders have come
forward to grab a pie of this buoyant segment.
property priced above Rs 80 lakh.
Of this, 13% respondents were looking to buy
a property in the ultra-luxury segment priced
above Rs 1.5 crore. Interestingly, if we look
at city-specific trends, MMR, Chennai & NRI
property seekers showed maximum interest in
ultra-luxury properties.
70%
prospective buyers prefer a property
within sub INR 80 lakh budget
Surprisingly, as compared to previous survey
results (H2 2018) the preference for mid
segment properties increased by 10% in the
current survey results (H1 2019).
At the city-level, buyers in Bangalore,
Delhi-NCR, Pune and Hyderabad are the
major cities where their preference shifted
gears from affordable budget range to mid
segment category with 54%, 52%, 45% & 37%
respectively.
However, respondents in Tier 2 & 3 cities (80%),
Kolkata (62%) and Chennai (39%) continue
to prefer homes within the affordable budget
range.
In India’s most expensive real estate market -
Mumbai-MMR – over 64% respondents prefer
to invest in properties above INR 80 lakh
budget range.
INR < 40 Lakh INR 40 - 80 Lakh INR 80 Lakh - INR 1.5 Crore INR 1.5 - INR 2.5 Crore > INR 2.5 Crore
22. 22 Indian Real Estate Consumer Sentiment Survey: H1 2019
For nearly 41% respondents, INR 30 lakh – INR
45 lakh budget range is the most affordable
price for buying homes in their respective
cities. For instance, 66% respondents in Pune,
55% in Bangalore, 51% in Tier 2 & 3 cities
and 47% respondents in Hyderabad feel that
properties within INR 45 lakh budget are ideal
to be categorised as affordable.
This coincides with the very definition of
affordable housing that was changed very
recently by the government. Earlier, the
definition of affordable homes was limited to
property sizes - 60 sq. mt. in metros and 90
sq. mt. in non-metros. It extended this with the
pricing as well to <INR 45 lakh pan-India. Now,
all properties with the said sizes within INR 45
lakh will be considered affordable and thus can
avail its underlying benefits.
Meanwhile, 65% respondents in Chennai, 65%
in Kolkata and 45% in Delhi NCR think that any
home priced below INR 30 lakh is affordable
for them in their respective cities. Considering
the skyrocketing prices in Delhi-NCR, it is
surprising that buyers feel so. On the other
hand, buyers in MMR were being very realistic
as 44% respondents felt that properties within
INR 45 lakh-INR 60 lakh budget range were
affordable. NRIs painted a somewhat similar
story where 38% (majority) respondents chose
INR 45 lakh- INR 60 lakh budget range as
feasible for affordable housing in India.
Overall, nearly 34% respondents think property
costing below INR 30 lakh is affordable.
Abroad
-NRI
Bangalore Chennai Pune Tier 2 &
3 Cities
Mumbai
-MMR
Hyderabad KolkataDelhi-NCR
16%
15%
5%
22%
19%
9%
26% 11%
6%
51%
56%
45%
40%
14%
29%
40%
27%
66%
9%
39%
30%
16%
1%
29%
7%
47%
13%
2%
30%
4%
44%
12% 12%
1%
30%
16%
18%
3%
21%
19%
INR < 15 Lakh INR 15 Lakh - INR 30 Lakh INR 30 Lakh - INR 45 Lakh INR 45Lakh - INR 60 Lakh INR 60 Lakh - INR 75 Lakh
What, according to you, is an
‘Affordable Home’ price in your
city?
41%
buyers consider properties within INR 30
lakh – INR 45 lakh as affordable across top
7 cities
23. Indian Real Estate Consumer Sentiment Survey: H1 2019 23
developers are intent on making their housing
projects more pocket-friendly for a higher
customer base. As a result, the top 7 Indian
cities collectively saw average apartment sizes
shrink by nearly 17% between 2014 and 2018.
Similar to previous survey trends, 2BHKs
continue to attract maximum buyers. Over
55% respondents preferred to buy 2BHK
homes, followed by 33% for 3BHKs, 9% for
1BHKs and merely 2% for 4BHK units. For
most buyers, a small 2BHK home within the
city limits is far better option than a large one
in far-flung areas.
Moreover, on being asked their preference for
either compact homes or large ones in the
respective BHK-types, nearly 53% respondents
stated that would rather buy homes in
compact sizes.
This is largely because when it comes to
housing, size matters for all kinds of reasons.
The added floor space of larger homes
definitely spells comfort, convenience and
family scalability, every additional square
foot either comes at a higher price or pushes
available options further away from the central
regions of a city.
Millennial homebuyers prefer affordability
coupled with good location over larger-sized
homes in distant suburbs. Simultaneously,
What BHK-type and size are you
looking for?
while
53%
favoured compact size homes
Over
55%
respondents preferred 2BHKs
44%
30%
22%
1%
25%
27%
17% 28%
17% 23%
15%
24% 20%
8% 7% 7%
2% 1%1%
4% 4%
30%
34%
36% 18%
17%
27%
32%
22%
18%
26% 38%
33%
21%
29%
25%
22%
21%
6%
7%
14%
16%
5%10% 4%
2% 1%
Abroad
-NRI
Bangalore Chennai Pune Tier 2 &
3 Cities
Mumbai
-MMR
Hyderabad KolkataDelhi-NCR
9%
4% 5%
3%
10%
8%
7%
2% 3%
1BHK-Compact 1 BHK - Large 2 BHK - Compact 2 BHK - Large 3 BHK - Large3 BHK - Compact 4 BHK - Large
4% 1% 3%
24. 24 Indian Real Estate Consumer Sentiment Survey: H1 2019
While compact sizes were the first choice of
respondents, it varied from city to city. For
instance, over 65% respondents in Hyderabad
and Tier 2 & 3 cities each preferred to buy
large-size homes instead of compact ones.
Builders are also heeding to buyer demand by
launching relatively bigger size homes. Among
the top 7 cities, Hyderabad had the highest
average property size of about 1,600 sq. ft.
of projects launched in 2018. This dovetails
favourably with the fact that property prices
here have been more realistic than in most
other cities.
Meanwhile, respondents in Bangalore were
equally tilted towards both compact and large
size homes. As is, Bangalore saw least decline
in average property sizes at around 12% in five
years. The current average apartment size in
Bangalore is 1,260 sq. ft. Interestingly, prior to
2017, the average sizes in Bangalore fluctuated
by merely 1-2% y-o-y; in 2018, they dropped by
over 12% against the preceding year.
within 500
sq. ft.
500 - 750
sq. ft
1000 - 1200
sq. ft
within 900
sq. ft.
1250 - 2000
sq. ft
within 1200
sq. ft.
2000 - 3500
sq. ft
Configuration Compact Large
25. Needless to say, majority respondents prefer
to invest in cities where they are currently
residing/working in. However, it interesting to
know the variation in city choices for those
considering investments outside their city.
Low property prices coupled with improved
infrastructure facilities in Tier 2 & 3 cities
attracted maximum investors to plan their
investment in these cities. As per ANAROCK
consumer sentiment survey, overall Tier
2 & 3 cities are the first choice amongst
property seekers with 26% votes in favour
of it, followed by Bangalore which emerged
as the second most preferred destination for
investment with 21% votes.
Nearly 18% respondents across India preferred
Pune as their third option for investments,
followed by MMR with 13% votes in its favour.
Surprisingly, southern cities like Hyderabad and
Chennai saw merely 8% and 4% votes in their
favour respectively. Delhi-NCR and Kolkata
were least preferred.
Which city do you intend to invest
in?
Indian Real Estate Consumer Sentiment Survey: H1 2019 25
Tier 2 & 3 cities are the
new hotspots for majority
investors
26. 26 Indian Real Estate Consumer Sentiment Survey: H1 2019
Top Home Buying
Destinations
For Indians For NRIs
Tier 2 & 3
Cities4
Bangalore
1
Pune
3
Mumbai -
MMR2
Hyderabad
6
Delhi - NCR
7
Chennai
5
Kolkata8
Tier 2 & 3
Cities1
Bangalore
2
Pune
3
Mumbai -
MMR4
Hyderabad
5
Delhi - NCR6
Chennai7
Kolkata
8
Top preferred home buying destinations
27. Indian Real Estate Consumer Sentiment Survey: H1 2019 27
If we deep-dive further into specific cities,
more than 40% respondents in Tier 2 & 3
cities prefer to invest in top cities. Out of this,
28% respondents want to invest in Bangalore,
followed by 25% preferring Delhi-NCR,
followed by 17% for Pune and 12% for MMR.
Kolkata, Hyderabad and Chennai had the least
preference with 8%, 7% and 4% respectively.
In Bangalore, majority participants preferred
MMR as their top choice for investment,
followed by tier 2 & 3 cities like Mysore,
Mangalore, Tumkuru etc. while Hyderabad was
their third choice.
In Chennai, decent 21% respondents want to
invest in nearby tier 2 & 3 cities such as Vellore,
Coimbatore, Mahabalipuram etc., followed by
Bangalore as their second choice.
Similarly, in Delhi-NCR, nearly 12% prefer to
invest in smaller cities like Sonipat, Jaipur,
Chandigarh and, followed by Bangalore and
MMR respectively. While for Mumbaikars as
expected Pune was the first choice, followed
by Bangalore and tier 2 & 3 cities.
Abroad
-NRI
Bangalore Chennai Pune Tier 2 &
3 Cities
Mumbai
-MMR
Hyderabad KolkataDelhi-NCR
Bangalore Chennai Delhi-NCR Hyderabad Mumbai-MMRKolkata Pune Tier 2 & 3 Cities
17%
11%
9%
2%
6%
2%
22%
31%
87%
7%
3%
9% 9%
10%
2%
10%
3%
3%
5%
7%
60%
9%
82%
3%
3%
4%
62%
13%
6%
94%
95%
5%6%
88%
2%
1%
6%
79%
14%
4%
5%
4%
28. Meanwhile, in cities like Hyderabad and
Kolkata, all respondents preferred to buy
property only in Tier 2 & 3 cities.
Interestingly, for 31% NRIs, Bangalore was
the most preferred city for investment while
Delhi-NCR was the least at about 2%. Relatively
cheaper prices, more professionalism among
builders and the buoyant commercial market
has upped the game for the IT capital.
The significant trend highlighted by this is that
most people prefer to invest in cities that are
either closer to where they live or if they see it
as a viable option in terms of returns etc. It is
for this reason that Bangalore has emerged as
a constant favourite among respondents.
30. 28 Indian Real Estate Consumer Sentiment Survey: H1 2019
Conclusion:
Emerging Consumer Trends in
Indian Real Estate
48% buyers not satisfied with their developer, will not
buy again from them
In a stark revelation, at least 48% buyers state that if given a chance they will
not buy a property from the same developer. This resentment was largely seen
in Delhi-NCR where nearly 68% said they will not buy a property again from
the same developer. Hence, developers will need to re-strategize and align with
buyer expectations rather than making tall promises early on and later faltering
on them.
Long-term investors see potential in Indian real estate
‘Conducive reformatory environment and the government sops in the recent
budget have given a new lease of life to the Indian real estate with long-term
investors coming back to invest in the sector. Unlike speculators, these investors
have realistic expectations – similar to those in mature markets. While 58%
property buyers bought it for end-use, a good 42% ended investing in real
estate, up by 10% against the previous survey.
The last five years of Modi-government have brought about a paradigm shift in Indian real
estate. His envision to set the ‘house’ in order and alter the scarred face of the realty sector - a
haven for black-money hoarders - is beginning to show positive results. He introduced major
policy overhauls, amended old Acts, gave impetus to infrastructure development, and brought
in schemes like 100 Smart Cities and Housing for All by 2022. All in all, the government aptly set
the stage for Indian real estate to flourish in the long-term.
That said, there were short-term repercussions with new supply and housing sales declining
during the five year-period by 64% and 28% respectively. This trend signified that builders
became cautious while launching a product and were diligently trying to bridge the demand-
supply mismatch. Like in previous survey, affordable housing continued to dominate both
demand and supply and small compact homes garnered maximum buyer interest.
Besides these usual trends, some new ones emerged in the recent ANAROCK’s comprehensive
survey - Real Estate Consumer Outlook: H1 2019. The survey not only captured the pulse of the
property buyers in the wake of new changes but are likely to shape the future of Indian real
estate from the consumer-perspective.
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31. Indian Real Estate Consumer Sentiment Survey: H1 2019 29
Attractive Prices lure 50% buyers to buy property in 2018
Even while real estate across cities remained unaffordable for many, at least
50% participants bought a property because they felt that they got a good deal
from their respective builder. In a significant development, a compromise on the
overall size of the property was also no deterrent for most buyers as builders
reduced property sizes to fit their product into the affordability bracket.
70% buyers prefer properties priced within INR 80 lakh
budget
Much to the buyers delight, builders are now consciously launching projects in
the affordable and mid segments over the last five years in order to bridge the
demand-supply gap. Data indicates that the share of new supply in affordable
and mid segment combined (within INR 80 lakh) was a whopping 77% during
the period, with 39% in affordable and 37% in mid segment.
RERA revives consumer faith in New Launch projects –
Even while ready-to-move-in homes is the preferred choice for several buyers,
new launches – which took a major hit in the previous survey – saw a decent
revival. More than 18% respondents now prefer to buy new launch properties as
against mere 5% in the previous survey. Interestingly, 44% NRIs would consider
new launch properties as against under construction or ready homes.
Tier 2 & 3 cities emerge new hotspots for majority
investors –
Low property prices coupled with improved infrastructure facilities in Tier 2 & 3
cities are attracting maximum investors to plan their investment in these cities.
As per ANAROCK consumer sentiment survey, overall Tier 2 & 3 cities are the
first choice amongst property seekers with 26% votes in favour of it, followed
by Bangalore which emerged as the second most preferred destination for
investment with 21% votes.