MagicBricks.com Survey Results on Affordable Homes
Two-bedrooms within Rs 5-10 lakh most in demand.
Noida (UP), India, April 17, 2008 --(PR.com)-- MagicBricks.com India’s No.1 property site conducted an online survey on the aspirations of India online & the great Indian dream of owning a home.
The survey has received over 1,000 responses from Indian netizens and shows that nearly 60% of Internet surfers in India look for property-related information on websites.
Commenting on the MagicBricks.com survey findings, Mr. R. Sundar, CEO, Times Business Solutions remarked, “At a time when the Ministry of Housing and Urban Poverty Alleviation has commissioned the Reserve Bank of India team to conduct its own study on what constitutes affordable housing, these findings are extremely significant – a 2-bedroom home within 5-10 lakhs is the aspiration of the average Indian, who dreams of his own roof over his head.”
The survey finds that more than 50% of Indians online are looking for a 2-bedroom house to call their home, and find the Rs 5-10 lakh bracket affordable. Of this, about 54 per cent users belonged to the megacities of Delhi, Mumbai, Chennai, Bangalore, Hyderabad and Kolkata. The remaining 46 per cent came from smaller cities and towns like Nasik, Ludhiana, Batala, etc. This search for their dream home leaves Indian internet users with homes normally confined to the extreme suburbs or peripheries of large and small cities.
The respondents came from all classes of cities and the search was largely for personal immediate use. These survey results represent the dreams and aspirations of a cross section of people including the service class, businessmen, lawyers, professors, house wives and young professionals. Most have been looking for property in the last six months or so and are trying to match what is available with what they desire. Standalone houses are still the most dominant category of demand followed closely by group housing.
The basic level of services the respondents aspired to included water and power back-up, and scored significantly over premium lifestyle features, such as clubs & swimming pools, that most big developers offer.
The survey has been conducted by MagicBricks.com Research and Analysis wing, which constantly monitors the property and real-estate market in the country, providing insights, impact assessment reports, official forms, legal & taxation expertise and realty rates to MagicBricks.com users.
The MagicBricks.com Survey on Affordable Homes can be accessed Here.
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For more information please contact –
Ms. Renu Arya
Research Coordinator
Brix Research
MagicBricks.com
Email : Renu.Arya@timesgroup.com
Mobile: +91 93505 58886
The survey has received over 1,000 responses from Indian netizens and shows that nearly 60% of Internet surfers in India look for property-related information on websites.
Commenting on the MagicBricks.com survey findings, Mr. R. Sundar, CEO, Times Business Solutions remarked, “At a time when the Ministry of Housing and Urban Poverty Alleviation has commissioned the Reserve Bank of India team to conduct its own study on what constitutes affordable housing, these findings are extremely significant – a 2-bedroom home within 5-10 lakhs is the aspiration of the average Indian, who dreams of his own roof over his head.”
The survey finds that more than 50% of Indians online are looking for a 2-bedroom house to call their home, and find the Rs 5-10 lakh bracket affordable. Of this, about 54 per cent users belonged to the megacities of Delhi, Mumbai, Chennai, Bangalore, Hyderabad and Kolkata. The remaining 46 per cent came from smaller cities and towns like Nasik, Ludhiana, Batala, etc. This search for their dream home leaves Indian internet users with homes normally confined to the extreme suburbs or peripheries of large and small cities.
The respondents came from all classes of cities and the search was largely for personal immediate use. These survey results represent the dreams and aspirations of a cross section of people including the service class, businessmen, lawyers, professors, house wives and young professionals. Most have been looking for property in the last six months or so and are trying to match what is available with what they desire. Standalone houses are still the most dominant category of demand followed closely by group housing.
The basic level of services the respondents aspired to included water and power back-up, and scored significantly over premium lifestyle features, such as clubs & swimming pools, that most big developers offer.
The survey has been conducted by MagicBricks.com Research and Analysis wing, which constantly monitors the property and real-estate market in the country, providing insights, impact assessment reports, official forms, legal & taxation expertise and realty rates to MagicBricks.com users.
The MagicBricks.com Survey on Affordable Homes can be accessed Here.
###
For more information please contact –
Ms. Renu Arya
Research Coordinator
Brix Research
MagicBricks.com
Email : Renu.Arya@timesgroup.com
Mobile: +91 93505 58886
Contact
Times Business Solutions
Aseem Seth
0120 3029215
www.magicbricks.com
Aseem Seth
0120 3029215
www.magicbricks.com
Contact
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