More women than men buying a house for end use survey
Friday, March 13, 2020 IST
Indian residential real estate is increasingly driven by end-users - and women homebuyers are emerging as major contributors towards this trend.
The latest ANAROCK-LIC Housing Finance Consumer Sentiment Survey indicates that as many as 77 per cent women home seekers are looking to buy property for end-use; merely 23 per cent will buy homes as investments. In contrast, approx. sixty-two per cent men are looking to buy property for end-use and 38 per cent for investment purpose. Only 23 per cent women home seekers will buy property for investment. Notably, for 87 per cent women end-user homebuyers, these will be their first homes.
Anuj Puri, Chairman - ANAROCK Property Consultants says, "The growing dominance of women homebuyers has been an ongoing phenomenon over the last few years, especially in urban centres. Now, their preferences are also distinctly shaping newer trends. While ‘proximity to a workplace’ was the top priority for both male and female survey participants looking to buy homes, 35% of the polled women consider suitable amenities within a housing project the second-most important factor. For men, the second-most important factor was the largest size they can afford."
Trends also reveal that more and more young women buyers are now coming forward to buy a property. forty-seven per cent of women property seekers polled in the survey were in the age bracket of 25-35 years.
Related Topics
Trending News & Articles
Godrej Properties Ltd. (GPL) today announced that it has sold 340 homes with an area of more than half a million square feet on the first day of launch
Recently posted . 3K views . 1 min read
An intestate death often causes chaos with family often ending up fighting to get property. The succession act was created to resolve the impending chaos when a per...
Recently posted . 3K views . 2 min read
The unprecedented crisis put across by the COVID-19 outbreak has impacted the residential real estate significantly. Here are a few notable trends that are likely t...
Recently posted . 3K views . 1 min read
If you think Wills are only for the rich, you are absolutely wrong. A Will is an essential part of any estate plan. It is the primary document for transferring your...
Recently posted . 2K views . 5 min read
More in
The ‘pagdi’ system is a form of tenancy in India, where the tenant is also part-owner of the property. This system is common in parts of Maharashtra, De...
Recently posted. 1K views . 2 min read
Foreign funds and expertise can help stuck projects, but existing stakeholders will have to recognize deep losses.
Existing s...
Recently posted. 1K views . 1 min read
The Public Works Department of the Delhi government has recently communicated to its senior officials concerned, including executive engineers and assistant enginee...
Recently posted. 630 views . 1 min read
Recently posted . 1K views
Recently posted . 808 views
Recently posted . 2K views
Recently posted . 3K views
Some key findings that indicate the correlation between the aspiration quotient and the current status of the Indian real estate sector:
Recently posted. 1K views . 0 min read
To win back the confidence of real estate sector, the housing ministry has launched an online platform to facilitate homebuyers in selecting and purchasing genuine ...
Recently posted. 1K views . 2 min read