Amidst the backdrop of rising housing costs and an uptick in home loan interest rates in the past year, potential homebuyers are increasingly looking for incentives related to taxes and flexible payment options.
Furthermore, they are showing a growing interest in the supplementary advantages presented by property developers, as revealed by a survey.
The survey’s findings highlight a preference for ready possession residential properties over those under construction. This comprehensive online survey involved more than a thousand prospective homebuyers and was carried out between January & June 2023.
According to the survey data, a significant 48% of respondents favor investing in real estate, surpassing other asset classes like stocks, gold & fixed deposits. The statistics indicate that 18% show a preference for the stock market, 19% for fixed deposits & 15% for gold.
The report identifies tax incentives like stamp duty & GST waivers, coupled with flexible payment plans, as the primary driving forces behind home purchases in the coming six months.
The survey reveals that ready possession homes and gated communities rank as the most coveted property types. Additional amenities like modular kitchens and custom woodwork play influential roles in influencing buyers’ decisions.
The importance of personalized assistance after property selection is emphasized as a crucial factor in enabling prospective homebuyers to complete their purchases.
