About 50 percent of potential customers see its prices rising in the coming months.
47 percent of those surveyed have described investing in real estate as the most preferred.
While 21 percent prefer to invest in the stock market, 16 percent invest in FDs.
New Delhi. If you are also planning to buy property, then this can be the most favorable time. Housing.com and NAREDCO, two big firms of the real estate sector, have told in a survey that the property sector, which was ruined during the Corona period, has once again come in demand.
According to this survey, real estate continues to be the preferred asset category for investment and almost 50 per cent of potential customers see its prices rising in the coming months. India’s leading full-stack prop-tech platform Housing.com and NAREDCO (National Real Estate Development Council) have released the results by surveying over 1000 participants to understand consumer trends.
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47 per cent surveyed preferred investing in real estate, which is significantly higher than other categories such as stocks, gold and fixed deposits or fixed deposits. The data shows that while 21 percent prefer to invest in the stock market, 16 percent invest in fixed deposits and 15 percent in gold. In the April-June quarter of 2022, housing prices have increased by 7 per cent year-on-year. 48 percent of the people estimate that the prices will increase further in the coming months.
Dhruv Agarwal, Group CEO, Housing.com, PropTiger.com and Makaan.com said, India’s residential market has registered a sharp recovery in demand after the second wave of the COVID-19 pandemic. Rising cost of credit, increase in input cost and strong demand have resulted in increase in housing prices. We expect housing prices to climb further in the coming quarter on the back of strong consumer sentiment and pick up in demand during the festive season.
73% expects strong growth rate
According to the survey, home buyers are optimistic about the economic scenario in the coming months by being cautious. 73 percent believe that the economy will remain on its growth path in the coming months. The current global uncertainties have marginally weakened the outlook, but the sentiment towards the economy is still well above the decline recorded during 2020. Rajan Bandelkar, President, NAREDCO said, the real estate sector in India is showing recovery and this can be attributed to the policy interventions implemented by the government.
Ankita Sood, Head of Research, Housing.com, PropTiger.com and Makaan.com said, “As per our Consumer Sentiment Outlook survey, homebuyers sentiment remained positive for the remaining period of 2022, despite the hike in property prices and interest rates. happened. 65 percent of the people surveyed are seeing their income increasing in the coming six months, which makes them eager to invest in the property market.
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FIRST PUBLISHED : September 28, 2022, 07:21 IST