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Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Increase of Smaller Homes in Indian Realty Market Gruhakalyan.com
Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Indian Realty Market • According to the various sources of the trend of demand of the type of real estate properties across the cities of India, an increased demand of smaller units of properties is noted. • The statistics and the surveys collected by the various organizations and aggregator websites reveal that in the last three preceding quarters there has been an increased preference of smaller properties in the middle segment in the range of Rs. 20 lakhs to Rs. 40 lakhs. Gruhakalyan.com
Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The housing indices of the cities remained fairly stable with New Delhi and few of the cities of the NCRwith a drop by one percent in the last six months. Cities like Ahmedabad recorded even higher in the City Index value by a 3 percent rise. • At the national front the range of the properties in the value quadrant of within Rs. 30 lakhs to Rs. 50 lakhs stayed as the most preferred ones constituting about thirty percent of the total housing demand of the whole national market. Gruhakalyan.com
Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • But in select cities the buyers opted for a different range of properties. Cities like Delhi, Kolkata and Gurgaon witnessed a different pattern and the rest saw a rise of 1 to 6 percent in the demand of properties between Rs. 20 lakhs to Rs. 40 lakhs. • The buyers sought the range of affordable properties which are priced up to Rs. 20 lakhs in cities like Kolkata and cities like Delhi witnesseda surge in demand of the properties in the range of Rs. 60 lakhs to Rs. 1 crore. Gruhakalyan.com
Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • In cities like Gurgaon the demand of the premium apartments and properties above Rs. 1 crore dropped by 12 percent in the demand graph. • But contrarily the rise of demand was noted to be in the range of 6 percent each in the property categories of the range of up to Rs. 60 lakhs and the range of Rs. 60 lakhs toRs. 1 crore respectively. Gruhakalyan.com
Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • These two cities recorded a hike in demand of about 1 percent each of 1 BHK. In cities like Gurgaon there was a rise of demand in the 2 BHK categories by about 6 percent. • In cities like Chennai the demand for apartments was noted to increase by 2 percent. Overall there was a noted increase in the demand of 1 to 4 percent for residential houses with a reciprocal drop of the demand of apartments by 1 to 6 percent. Gruhakalyan.com
Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • There was a slight rise in the demand of the 1 BHK categories of apartments across cities in the range of 2 to 4 percent. There were of course exceptions too like Hyderabad and Chennai. • In the times when there was a great drive of demand from the end users driving the industry the demand for the independent houses went up considerably in different cities as per the figures. Gruhakalyan.com
Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Read More Real Estate Marketing Strategies • How to buy a flat being Cautious to avoid Problems • Now is the right time to buy a house or property in Bangalore • Pre-launch Flats Vs. Ready-to-move Apartments • Overview of Bangalore Real Estate Market at a Glance Gruhakalyan.com