[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 work-from-home being a viable option today, many prospective homebuyers are
looking at the peripheral areas that offer bigger homes and a better lifestyle at relatively
affordable prices. Homebuyers preference to mitigate risks is also at all-time high with more
than 61% preferring to buy from branded developers even if it is relatively costlier, reveals a
CII-ANAROCK COVID-19 Sentiment Survey.
As per the survey, the preference for real estate as an asset class has once again reached
close to pre-COVID levels vis-à-vis the lockdown period in March and April when we saw a
dip (to 48%) due to the-then prevailing uncertainties. The rising preference is appropriately
depicted in H2 2020 housing sales of ~80,400 units across the top 7 cities compared to
57,900 units in H1 2020, an increase of 39%.
Among various asset classes for investment like equities & mutual funds, FDs and gold, real
estate continues to be the first choice with 57% respondents in favour of it. Interestingly, the
stock market – despite being volatile in nature – is the second preferred choice with 24%
Preference for gold saw a sudden rise during the lockdown period with 18% in its favour
then – much above FDs. However, in the present survey, we can see slight dip in its
preference as just 12% respondents now prefer it in the current scenario. Despite being
risk-free, low interest rates has brought down investor interest in FDs and is now the last
choice among all other asset classes.
Read more at: https://www.financialexpress.com/money/real-estate-again-emerges-as-best-asset-class-for-investment-survey/2196539/
Have a nice day