While the stock market prices are at their peak, property prices have bottomed out and various offers and discounts result in further reductions in acquisition costs. Affordability of homes in top cities is also at its best – estimated to be 27% in FY21 as against 53% in FY12
Tag: Real Estate Investors In India
- Ahmedabad, Jaipur, Chandigarh, Nashik & Kochi top favourite among Tier 2 & 3 destinations
- Bangalore 2nd-most preferred investment destination with 21% votes in favour, followed by Pune with 18%
- For over 30% NRIs, Bangalore is the hot favourite investment hub
- Low property prices coupled with improved infrastructure facilities in Tier 2 & 3 cities the primary investment magnets
Anuj Puri, Chairman – ANAROCK Property Consultants
The quintessential Indian’s yen for investing in real estate continues. The latest data vouchsafes the visible return of investor sentiment for real estate, and the enthusiasm is not limited to traditional property hotspots of the big cities.
ANAROCK’s recent second edition of its Consumer Sentiment Survey confirms that investors are equally – if not more – upbeat on the prospects that India’s Tier 2 & 3 cities offer.
Lack of affordability in the larger cities is the primary hurdle to the largest investor base, and property investors are now looking at smaller towns and cities.
However, their increasing bullishness on Tier 2 &