Majority Consider Investment In Realty Safe Now: ANAROCK
New Delhi: A majority of people consider investment in real estate a safe option because of various policy interventions like Alternative Investment Fund of Rs 25,000 crore and tax consessions.
About 68 percent respondents to a survey conducted by ANROCK and LIC Housing Finance Ltd said that investment in realty is safe now and about 72 percent of property seekers said that they will invest in real estate soon.
mtnet Dund nd rpl Policy interventions like 25K Crore AIF, tax concessions have boosted homebuyer confidence; most consider real estate investment safe and viable
As many as 63 percent of the respondents said they will buy property anytime during 2020. Around 46 percent of the respondents who bought property in 2019 purchased because of attractive rates and about 20 percent due to implementation of RERA.
As many as 43 percetn of the survey res[ondents said that workplace connectivity is their top consideration for buying a home.
Mid-segment properties priced at Rs 45-90 lakh have the most demand and about 42 percent respondents said thye would buy affordable housing.
Delhi-NCR emerged as the most favoured city for demand of ready to move in properties and project execution risk by developers was the primary reason stated by the respondners for that.
Hyderabad Pune and tier II and tier III cities emerged as the top locations for future investments. About 52 percent of the prospective buyers preferred big branded developers even if they charge a premium.
"Once an investment hotbed, Indian housing is now primarily end-user driven. The survey reveals that 67% of the polled homebuyers will buy property for personal use, and consumer sentiment is still firmly on the side of ready-to-move-in homes - or, at best, projects nearing completion. On home selection parameters, connectivity to workplace counts as most important for 43% millennial property seekers. The IT hubs of Pune and Bangalore came out on top in this trend due to escalating traffic woes,” said Anuj Puri, Chairman - ANAROCK Property Consultants.