40% home buyers seek luxury and premium properties: ANAROCK, CII

07 Sep 2021 CW Team

Despite economic uncertainties, 40% of homebuyers are now planning to purchase premium and luxury properties in the country’s top seven markets, according to the latest report prepared jointly by property consultant Anarock and the Confederation of Indian Industry (CII).

Four in every 10 potential homebuyers are now planning to buy premium and luxury properties in the top seven markets of the country, during the Covid-19 pandemic.

The latest report, prepared collectively by property consultant Anarock and CII, shows how radically the Covid-19 pandemic has changed buying preference.

As per the report, for the first time, affordable housing demand— traditionally an attractive option for most — is now near equal to that of premium homes. Affluent buyers are considering purchasing their second home, driving the demand for such buying to 41%.

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