As the 360 ​​Realtors survey shows, the Indian real estate industry will recover. The survey shows that 41% of respondents believe that the industry’s prospects are moderate. 19.4% of respondents believe that India’s real estate prospects are promising. 7.7% and 14.3% respectively indicated poor prospects and very poor prospects. 360 Real Estate Brokers, one of the country’s largest institutional channel partners (ICP), has conducted a consumer sentiment survey of 1,200 insightful potential home buyers to assess market views when the economy opens after lock-in 2.0. The survey was conducted with the help of an online questionnaire. “The 360 ​​Realtors survey aims to understand how market sentiment, economic climate and policies will affect Indian real estate purchase behavior, whether isolated or combined, in the future. Currently, Indian real estate is at an important juncture. In the second time After the setbacks caused by the lockdown, demand has improved again. This will definitely lay the foundation for a faster recovery,” Ankit Kansal, founder and general manager of 360 Realtors, was quoted as saying. When asked about their preferred real estate options, 48.9% of the respondents said apartments, followed by 25.6% who preferred land development. This is an obvious change in the market, as more and more buyers now prefer to live in isolated and spacious places. In addition, since WFH’s operating model will continue for some time, education will be mainly online, and families now need more space. This will lead to a spiral increase in demand for land development and towns in the suburbs. Approximately 42% of respondents indicated that they may purchase a house in the next 12 months. About 35% of the respondents responded otherwise. Nearly 23% of respondents said they were hesitant to make a purchase decision. The survey also reinforces the importance of real estate as a prudent and risk-averse investment tool. 58.5% of the respondents chose real estate as their future investment method. When the fragility and fatigue of the financial market will persist, tangible assets such as real estate will become the first choice for investors.

News Source : Construction Week Online