January 2021 \ Business & Investment \ PURCHASE AND HIRING
Majority Indians plan to purchase property

Around 82 per cent of the people surveyed ...

  • Mr Saurabh Garg

Around 82 per cent of the people surveyed across major cities plan to buy a residential property in 2021, according to a report by NoBroker.com. The purchase sentiment among the people last year was 64 per cent. The report titled ‘India Real Estate Report 2020’ showed that 89 per cent of people consider the current phase to be the best time for buying a house.

It showed that more than half of these potential homeowners indicated a preference for society flats (61 per cent) over independent houses (28 per cent) or plots (11 per cent). Around 84 percent of homeowners wanted ready-to-move-in or resale houses. The survey showed that budget continued to remain the most important determinant in terms of choosing a property. The percentage of people looking to buy a house price over Rs 80 lakh has jumped substantially with almost 30 per cent buyers having this budget as compared to 17 per cent last year.

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