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

Around 82 per cent of the people surveyed ...

Distance from the workplace, a top factor from last year, saw a decline in the 2020 in the wake of the ‘work from home’ culture, as per the report. The insights were derived based on a survey conducted across Delhi-NCR, Bengaluru, Mumbai, Pune, Chennai, and Hyderabad.

Speaking on the latest findings, Saurabh Garg, Co-Founder & CBO, NoBroker.com, said: “After surviving the peak of a global crisis and sluggish economy for the last 9 months, it is refreshing to see homebuying gaining prominence amongst Indian consumers in 2021.” He said that the pandemic has driven many changes such as a need for larger houses, suburbs gaining prominence, switch to digital modes of rent payment and larger numbers of people starting their home search online. “People have realised the importance of security provided by physical assets in crisis situations and the home loan rate cuts and builder discounts have helped. These trends indicate a favourable environment for the real estate sector in 2021,” Garg said.