[INDIA REAL ESTATE NEWS] Good morning everyone I am Sankhraj from KI-KME. |
Here I have important INDIA economic news to share with you which is as mention under.
New Delhi: More than 70 per cent of prospective buyers are looking for properties costing up to Rs 50 lakh, according to a report by realty portal Magic bricks.
"Government's push for affordable housing is yielding results as more and more home buyers are now preferring to buy properties up to Rs 50 lakh," the online
property classified said in a statement.
According to its consumer poll, around 70 per cent of property buyers are looking for properties within Rs 50 lakh budget.
"The most preferred budget segment was Rs 15-20 lakh as 28 per cent respondents voted for it, while 25 per cent preferred the Rs 30-50 lakh budget. The budget
segment of Rs 20-30 lakh and Rs 50 lakh-Rs 1 crore was preferred by 23 per cent each of the respondents," the statement said.
The government's credit linked subsidy scheme (CLSS) under Pradhan Mantri Awas Yojana (PMAY) has led to increased buyer interest in the affordable and lower-mid segment, Magic bricks said.
Lower GST of one per cent and an additional Rs 1.5 lakh deduction on home loan interest have also led to increased demand for affordable housing.
Read more at: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/over-70-pc-prospective-buyers-looking-for-properties-worth-up-to-rs-50-lakh-report/articleshow/74333781.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Have a nice day.