Sunday, Sep 24, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Property | 53pc Nris Looking For Properties For Self Use Survey

53pc NRIs looking for properties for self-use: Survey

Hyderabad: In a trend reversal, a much higher percentage of NRIs in the latest CII-Anarock Consumer Sentiment survey are scouting for properties for self-use. At least 53 per cent of NRI respondents who will buy properties in India in the coming months will buy for end-use and 47 per cent for investment. The pre-Covid-19 survey […]

By Telangana Today
Updated On - 11:32 PM, Fri - 17 September 21
53pc NRIs looking for properties for self-use: Survey
whatsapp facebook twitter telegram

Hyderabad: In a trend reversal, a much higher percentage of NRIs in the latest CII-Anarock Consumer Sentiment survey are scouting for properties for self-use. At least 53 per cent of NRI respondents who will buy properties in India in the coming months will buy for end-use and 47 per cent for investment. The pre-Covid-19 survey in H1 2019 saw a reverse trend, with the end-use to investment ratio at 32:68.

One major factor influencing this change could be that many NRIs sought to return to India amid the pandemic-infused uncertainties and dwindling job prospects globally. Most saw the top seven cities as the best options, though many are also considering smaller cities to be close to their families.

With several NRI property buyers preparing to return to India, the highest demand is for luxury properties, with almost 50 per cent NRIs preferring properties priced over Rs 1.5 crore, and 32 per cent favouring premium properties priced between Rs 90 lakh and Rs 1.5 crore. Only 11 per cent favour mid-segment homes (priced Rs 45-90 lakh), and just seven per cent favour affordable properties, shows a latest CII-Anarock study.

Anuj Puri, chairman, Anarock Group, said, “There has been a very perceptible increase in Indian housing demand from NRIs at this stage of the Covid-19 pandemic. In the recent years before Covid-19, many NRIs were in wait-and-watch mode amid the various structural reforms in the economy and the real estate industry. Before the pandemic, many NRIs keen on real estate preferred commercial properties – housing was low on their wish list.”

The survey also highlighted the demand for bigger homes. At least 48 per cent NRI respondents prefer larger homes of 3BHK configurations (over 1,500 sq ft) while 28 per cent favoured 2BHKs. A significant 24 per cent stated a preference for 4BHKs or higher configurations.

Puri added, “In the housing sector, affordable homes were the top pick for NRI buyers in this period. The fact that luxury housing is back on the NRI radar despite unaccounted monies no longer being a factor is notable.”


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


Telangana Today Whatsapp
  • Follow Us :
  • Tags
  • CII-Anarock Consumer Sentiment survey
  • Covid-19
  • luxury housing
  • NRIs

Related News

  • India reports 70 new Covid-19 cases

    India reports 70 new Covid-19 cases

  • Opinion: Why slowing China worries West

    Opinion: Why slowing China worries West

  • Delhi CM approves Rs 1 crore ex gratia each to kin of 17 Covid warriors

    Delhi CM approves Rs 1 crore ex gratia each to kin of 17 Covid warriors

  • COVID-19: India reports 55 fresh cases on Friday

    COVID-19: India reports 55 fresh cases on Friday

  • Unlocking the Covid code: Cough sounds hold vital clues to severity, reveals study

    Unlocking the Covid code: Cough sounds hold vital clues to severity, reveals study

  • Israel to start vaccinations against new Omicron substrains

    Israel to start vaccinations against new Omicron substrains

Latest News

  • “Uttar Pradesh is state of immense possibilities…”: CM Yogi Adityanath

    9 mins ago
  • Five new bridges in Hyderabad

    9 mins ago
  • MotoGP: Marco Bezzecchi clinches inaugural Grand Prix of India

    15 mins ago
  • A coal mine fire in southern China’s Guizhou province kills 16 people

    12 mins ago
  • Study finds how obesity, weight loss, hematopoietic cancer are linked

    20 mins ago
  • Mumbai: Shopkeeper arrested under POCSO Act for molesting minor

    25 mins ago
  • ‘Demand for Indian talent growing in Japan’

    21 mins ago
  • Indian, US army to hold joint exercise in Alaska

    31 mins ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam