What Home Buyers Want In Their Dream Home? Report

    Date:

    Share post:

    Home buying behavior is a forever changing pattern. It changes from time to time and place to place. What is important now might not had any relevance a couple of decades ago and might not have a couple of decades later.

    Present day home buyers appears to be a scared lot. As per a recent report, security has emerged as the top most priority while buying homes.

    With families’ size shrinking and one or both the members travelling constantly especially in NCR and Mumbai, safety of the families is indeed a prime concern. Given that most of the burglaries and thefts go unreported, people are considering the projects and housing societies with 24*7 security system.

    In Delhi-NCR, over 70 percent of home buyers search for homes with CCTV, ET Realty reported. To tune in with the concern, developers too are offering projects where CCTVs are installed not just at the entrance gate but in the lift lobbies and parks as well, so residents feel safe.

    Another factor that too seem to have emerged lately as the top most search criteria is water availability. In Gurugram, about 77 percent of the buyers are looking for homes with rainwater harvesting system in place so as to ensure the water supply all the time.

    Possession is still one of the most important criteria when it comes home buying decision. Witnessing the slew of stalled projects across the top cities, over 70% of consumers people are not ready for the uncertain wait for their homes and are scouting for ready-to-move-in homes more than under-construction ones.

    Swimming pool has also emerged as one of the most popular search criteria among NCR, Bengaluru, Kolkatta and Pune buyers. People in  Kolkata, Pune and Bengaluru prefer one or two balconies, whereas Mumbai buyers doesn’t prefer any balcony.

    In terms of size,  3BHK is most preferred in Greater Noida and Gurugram, a 2BHK is more popular in Delhi, Bengaluru and Chennai while Mumbai prefers 1BHK flats. 

     Some more real estate trends here.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    ANAROCK Reports Rise in Home Prices Across Top 7 Cities in H1 FY25

    In H1 FY2024, avg. ticket size of homes sold across top 7 cities was approx. INR 1 Cr Approx....

    Subway Opens 850th Outlet at Elan Miracle Mall

    Subway, the world-renowned quick-service restaurant chain, reached a significant milestone today with the grand opening of its 850th...

    Land Acquisition for ‘New Noida’ Project Begins

    The development of a new city in the National Capital Region (NCR) has taken a significant step forward...

    Equity Investments in Indian Real Estate to Exceed $10bn in 2024

    Equity investments in the Indian real estate sector are poised to exceed $10 billion in 2024, driven by...