[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
With South India leading the revival in India’s real estate market, homeowners of Bangalore,
Hyderabad, and Chennai have emerged as the most serious sellers, revealed the latest
consumer data of Magicbricks’ Owner Services.
As demand for residential real estate gradually gathers momentum across the country,
consumer data also suggests that 55% of Owner Services’ users are from outside the four
metros (Delhi, Mumbai, Kolkata, Chennai).
In terms of demographics, 80% of the users are male, and 20% female. It is interesting to
note that 50% of the users are in the range of 40-45 and 45-plus age groups. A huge
majority that is 60% of users are salaried while 30% are self-employed.
“Transportation and metro connectivity in the Southern cities has increased the sale of property
in the peripheral areas as buyers look for affordability and connectivity. Also, the rising
property prices in these select pockets may entice sellers to make a profit,” mentioned the
Magicbricks’ Property Buyer Sentiment Survey (2020) findings suggest that repeat buyers are
back in the market. Additionally, people are looking for bigger homes. by selling smaller
homes while consecutively buying bigger homes.
Additionally, low interest-rates and jump in buyer interest in the last six months have reversed
the low- transaction volume situation plaguing real estate.
Read more at: https://translate.google.co.in/?hl=en&tab=rT&sl=en&tl=ko&text=Homeowners%20from%20South%20India%20are%20the%20most%20serious%20sellers%20in%20India%27s%20real%20estate%20market.&op=translate
Have a nice day