As many as 90% buyers want to purchase a house within the next three months and 80% prefer properties in the sub Rs 75 lakh category, says a recent survey.
Prospective homebuyers want to make the most of this ‘great time to buy a house’, with more than 80% of the prospective buyers inclined towards buying a house in the next three months, says a study by JLL with RoofandFloor called Homebuyer Preference Survey 2021: The COVID-19 Impact.
Developers have been operating on very thin margins for the past few years. As the market recovers, reputed developers are becoming less flexible in terms of offering price discounts and other benefits to homebuyers, it added.
With most of the prospective homebuyers expected to make a purchase in the next three months and developers launching new projects to monetize their land banks, the residential market is expected to get back on the recovery path and 2021 is likely to end on an optimistic note, the survey said.