Real Estate Remains Preferred Asset Class For Investors according to Housing.Com & NAREDCO Survey. The real estate consumer remains positive with regard to the economic scenario and income stability for the coming six months.
According to ‘Concerned yet positive – The Indian Real Estate Consumer (April – May 2020)’ a report jointly released by Housing.com and National Real Estate Development Council (NAREDCO). Real estate (35%) is still perceived as the preferred mode of investment, followed by gold (28%); Fixed Deposits (22%), Stocks (16%); and home-buyers are likely to slowly return to the market in the coming six months.
“This pandemic has come as a rude setback for our industry and the allied sectors. In the current scenario, we can see a change in consumer behavior and perception, of owning a house with safe and secure surroundings, which will be the driving force for demand,” said Niranjan Hiranandani, founder-chairman, Hiranandani Group and National President – NAREDCO.
The survey was conducted in April and May 2020, through a random sampling technique for a fair representation across regions. The insights presented within the survey entirely represent the view of more than 3,000 potential homebuyers.
NAREDCO said that it believes real estate will be ‘positive’ for both end-users and investors in the post-COVID-19 world. Those living in rental homes have realized the importance of being in their own homes while NRIs facing challenging times in their present domiciles are looking at creating a safe haven ‘back home’ in India.
The survey findings suggest that the majority (59 percent) of the respondents think that the overall economic scenario will either remain at the current levels or may slightly see some revival in the coming six months.
1. BW BUSINESSWORLD
2. THE ECONOMIC TIMES WEALTH
By Team Sunita Developers,
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