{"id":1312,"date":"2023-09-12T07:28:52","date_gmt":"2023-09-12T07:28:52","guid":{"rendered":"https:\/\/www.homebazaar.com\/news\/?p=1312"},"modified":"2023-09-12T07:28:58","modified_gmt":"2023-09-12T07:28:58","slug":"high-demand-for-premium-mid-range-homes-across-india","status":"publish","type":"post","link":"https:\/\/www.homebazaar.com\/news\/high-demand-for-premium-mid-range-homes-across-india\/","title":{"rendered":"High Demand For Premium & Mid-Range Homes Across India"},"content":{"rendered":"

Despite the recent increases in property prices and interest rates over the past year, there continues to be strong demand for mid-range and premium homes.\u00a0<\/span><\/p>\n

According to the ANAROCK Consumer Sentiment Survey for the first half of 2023 (H1 2023), it is revealed that around 59% of the total 5,218 survey participants plan to purchase mid-range and premium homes, which are priced between INR 45 lakh and INR 1.5 Crore.\u00a0<\/span><\/p>\n

This indicates a 10% increase in sentiment for homes in this price range compared to the H1 2020 edition of the survey.<\/span><\/p>\n

The survey further indicates that homes priced between INR 45 lakh and INR 90 lakh are the most preferred among respondents, with 35% of homebuyers favoring this price range.\u00a0<\/span><\/p>\n

Additionally, 24% of respondents are inclined towards homes priced from INR 90 lakh to INR 1.5 Crore.<\/span><\/p>\n

\"High<\/p>\n

Among major cities, the demand for 3BHK apartments is particularly high in Bangalore<\/a> with 51%, Chennai – 50%, Delhi-NCR – 47%, & Pune – 45%, where a majority of respondents prefer 3BHK layouts.\u00a0<\/span><\/p>\n

Whereas, in Kolkata – 52%, MMR – 41% & Hyderabad – 47%, most respondents show a preference for 2BHK apartments.<\/span><\/p>\n

The survey also highlights a significant shift in demand between ready-to-move properties and new property launches across different cities.\u00a0<\/span><\/p>\n

As of H1 2023, the demand ratio for ready homes compared to new launches stands at 28:27, marking a substantial reduction in the gap compared to H1 2020 when the ratio was 46:18.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite the recent increases in property prices and interest rates over the past year, there continues to be strong demand for mid-range and premium homes.\u00a0 According to the ANAROCK Consumer Sentiment Survey for the first half of 2023 (H1 2023), it is revealed that around 59% of the total 5,218 survey participants plan to purchase […]<\/p>\n","protected":false},"author":2,"featured_media":1315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117,33],"tags":[359,138],"class_list":["post-1312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","category-affordable-housing-news","tag-latest-real-estate-news","tag-mumbai-real-estate-news"],"_links":{"self":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts\/1312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/comments?post=1312"}],"version-history":[{"count":0,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts\/1312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/media\/1315"}],"wp:attachment":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/media?parent=1312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/categories?post=1312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/tags?post=1312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}