...

Mid, High-End Homes Had 79% Share of Sales Last Fiscal: Study

Mid, High-End Homes Had 79% Share of Sales Last Fiscal Study

While the pandemic has rebooted the desire for hard assets like property, certain types of houses are selling better in Delhi-NCR. This inference can be drawn from the latest report by real estate consultants Anarock, which reveals that the focus of buyers has shifted from affordable to mid- and high-end homes.

In Delhi-NCR, mid and high-end segment units accounted for 79% of the total demand in the 2021-2022 fiscal year, as per the Anarock report. Also the demand for 2BHK units dominated with a 38% share, followed by 3BHK units at 26%. And for the profile of homebuyers, the service class accounted for 68% of the demand while 26% of sales was driven by doctors, lawyers, CAs and other professionals.

“The preference for independent and low-density living resulted in 4BHK accounting for 17% of sales, and plots accounting for 16%. The region also witnessed 16% of the overall demand in studio category homes,” said Rahul Phondge, Anarock’s chief business officer.

Gurgaon-based developers said there has been a spurt in sales of 4BHKs, independent and low-density homes. “4BHKs and studio-category homes have found a long-term customer base that is the service class population which is rising constantly in NCR,” Amarjit Bakshi, CMD of Central Park, told TOI. In Gurgaon, the demand for high-end houses ranging between Rs 80 lakh and Rs 1.5 crore was 61% in the previous financial year. It was followed by mid- segment houses of Rs 40 to 80 lakh (29%).

Source : TOI

Related Posts

In Gurugram, the New Gurugram has emerged as a top-performing micro-market for under-construction properties, recording...
Emaar India, the Indian business entity of the globally renowned brand EMAAR, announced the launch...
The Daily Brief The Morning Tribune

ENQUIRE NOW

Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.