Expectations of property seekers from NaMo govt.

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Expectations of property seekers from the NaMo Government A REAL ESTATE MARKET SENTIMENT SURVEY BY INDIAPROPERTY.COM

description

A real estate market sentiment survey by IndiaProperty Online Private Limited of the expectations of property seekers from the Narendra Modi Government

Transcript of Expectations of property seekers from NaMo govt.

Page 1: Expectations of property seekers from NaMo govt.

Expectations of property seekers from the NaMo GovernmentA REAL ESTATE MARKET SENTIMENT SURVEY BY INDIAPROPERTY.COM

Page 2: Expectations of property seekers from NaMo govt.

Sample and Demographics Sample Size : 2583

Survey conducted between 2nd June and 11th June

30.6 % of the respondents were above the age of 46 and ~40% between 25 -35 years of the age

82 % of the respondents were males

Page 3: Expectations of property seekers from NaMo govt.

35% of property seekers feel that the time is ripe for real estate investment

35%

49%

16%Yes, I think the time is right for realestate investment

I am not sure, I might hold thedecision for now

No, it's not the right time to invest

Page 4: Expectations of property seekers from NaMo govt.

Top reasons why real-estate looks promising today

Likely decrease in home loan interest

Increase in infrastructure developments

Demand andprice is set toincrease in

future

Set up ofa real estate

regulator

Developers holdingproperty up till post

elections will reduceprices and sell

25% 21% 28% 13% 13%

Page 5: Expectations of property seekers from NaMo govt.

62% of property seekers expect real estate prices to soar in the near future

62%

38%Yes

No

Page 6: Expectations of property seekers from NaMo govt.

38% of property seekers expect the prices to escalate in the next 1-2 years

32%

38%

30%

6-12 months

1-2 years

> 2 years

Page 7: Expectations of property seekers from NaMo govt.

Apartments top the charts when it comes to property investments

Apartments40%

Residential Land23%

CommercialProperty

7%

Individual House24%

Farm House3%

Row House3%

Page 8: Expectations of property seekers from NaMo govt.

Top cities to park your money in – Buyer’s perception

30%

15%

12%

9%

7%

21%

6%

Mumbai

Bangalore

Chennai

Pune

Kolkata

Delhi - NCR

Hyderabad

Page 9: Expectations of property seekers from NaMo govt.

Hot localities

MUMBAI

9%

10%

10%

15%

7%

28%

21%

Airoli

Mira Road

Goregaon (East)

Borivali (West)

Kandiwali

Andheri

Vashi

DELHI - NCR

9%

13%

9%

14%

8%

47%

Uttam Nagar

Rohini

Indirapuram

Vasant Kunj

Ashok Vihar

Noida Expressway

Page 10: Expectations of property seekers from NaMo govt.

15%

17%

16%14%

18%

13%

7% Wakad

Hadapsar

Baner

Kharadi

Wagholi

Magarpatta

BT Kavre Road

CHENNAI

27%

16%

13%

14%

21%

9%Tambaram

Guduvanchery

Kelambakkam

Medavakkam

Porur

Pallavaram

Hot localities

PUNE

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BANGALORE

31%

23%16%

18%

12%Whitefield

Electronic City

JP Nagar

Sarjapur Road

Kanakpura Road

KOLKATA

18%

24%

12%

28%

18%Garia

Behala

Rajarhat

New Town

Tollygunge

Hot localities

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HYDERABAD

31%

13%

19%

18%

19%Gachibowli

Miyapur

Kukatpally

Chandanagar

Kondapur

Hot localities

Page 13: Expectations of property seekers from NaMo govt.

79% of property seekers prefer long term investment in real estate

Short term (i.e., Flipping)

21%

Long term (Buy and Hold)79%

Page 14: Expectations of property seekers from NaMo govt.

Investment Preferences

Investment in Gold15%

Investment in Stocks and Shares18%

Investment in Real Estate67%

Page 15: Expectations of property seekers from NaMo govt.

Expectations from the NaMo Government

55% of the respondentswant a reduction in home

loan rates

41% of the respondentswant a real estate regulator

To be set up

44% of the respondentswant a boost in infrastructure

facilities

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Expectations from the budget

26%

19%

10%

11%

34%

Overall Chargeability limits

W.r.t. house property income andinterest limits on self occupiedproperty

W.r.t. Chapter VI D deductionsespecially for principal home loanpayments

W.r.t. capital gains, specialconcessions for housing sector

Not so sure

Page 17: Expectations of property seekers from NaMo govt.

Thank you.