As many as 81% of polled aspiring homebuyers acknowledge Indian real estate’s improved and improving transparency, discipline and accountability post implementation of regulatory policies, reveals ANAROCK Property Consultants’ ‘Real Estate Consumer Outlook: H2 2018’.
Commenting on the survey, Anuj Puri, Chairman – ANAROCK Property Consultants says, “With the now discernible impact of RERA, DeMo and GST, housing sales are seeing an upward trajectory in 2018 q-o-q. New launches have also gone up this year with affordable housing witnessing significant growth. NRIs see India’s rebooted real estate market environment conducive enough to justify property investments, especially on the back of the depreciating rupee.”
“New millennials focused on home purchase rather than renting show an overwhelming preference for compact 2BHK configurations,” says Puri. ”In fact, 52% respondents lean towards this specification. Young professionals prefer to buy homes in locations close to their workplaces and are small enough to be affordable both on base cost and maintenance.”
The survey also reveals that besides real estate, the stock market and mutual funds have overtaken fixed deposits to become the 2nd most-preferred asset class for investment. 23% respondents favour stock market and mutual fund investments, followed by fixed deposits with just 14%. Gold has lost its sheen in most metros except the southern cities of Chennai and Hyderabad.
Other survey findings:
Download ANAROCK’s survey at https://bit.ly/2OP6xyS
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