Hey there, folks! Today we’re diving into the latest insights from the FICCI-Anarock Homebuyer Sentiment Survey, and boy, do we have some interesting trends to share with you.
First off, it seems like homebuyers across various Indian cities are leaning towards bigger spaces, with a whopping 51% of respondents showing a preference for 3BHK apartments. Looks like the days of compact living are slowly fading away, as only 39% are interested in 2BHK options.
The survey also sheds light on some city-specific trends. Major cities like Chennai, Hyderabad, Delhi-NCR, and Bengaluru are all about that 3BHK life, with over 50% of respondents swooning over this configuration. On the flip side, places like Kolkata, Mumbai Metropolitan Region (MMR), and Pune seem to have a soft spot for 2BHK apartments.
In a surprising twist, the demand for 1BHK units is on the rise in MMR and Pune, especially among first-time homebuyers looking to kickstart their independent lives. These compact living spaces are gaining popularity, particularly in areas like Vasai, Virar, Borivali, and Thane.
The pandemic has definitely played a role in shaping these preferences, with more individuals opting for slightly larger living spaces as they navigate the new normal. Real estate consultant Dipesh Doshi notes that even first-time buyers are eyeing 2BHK apartments, hinting at a shift towards more spacious homes.
Overall, the FICCI-Anarock survey paints a clear picture of the evolving homebuyer landscape, highlighting a growing fondness for larger homes like 3BHK units in major urban hubs. Meanwhile, the demand for 1BHK apartments remains strong in certain regions, reflecting changing lifestyles and family dynamics post-pandemic. It’ll be interesting to see how these trends continue to shape the real estate market in the coming years!
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