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Coronavirus: Expecting a drop in property prices, survey reveals people are interested in buying real estate

If you are looking for affordable flats you can choose konappana agrahara in Bengaluru, Consumer considerations Budget, safety and water supply stood out as key considerations for finalising a property. About 36 percent of consumers are looking to purchase a house within three monthsu2019 time frame and nearly 28 percent are looking at a time frame of three-to-six months. Consumer preferences Around 59 percent consumers have stated that would prefer to live in an apartment society over an independent house as societies offer more amenities. Also, water supply, groceries, power back-up, and safety are less of a concern in an apartment complex. As many as 92 percent respondents are looking to buy residential properties

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Coronavirus: Expecting a drop in property prices, survey reveals people are interested in buying real estate

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  1. Coronavirus:Expectingadropinpropertyprices,surveyrevealspeopleareinterestedinbuyingrealestateCoronavirus:Expectingadropinpropertyprices,surveyrevealspeopleareinterestedinbuyingrealestate SURVEYCoronavirus:Expectingadropinpropertyprices,surveyrevealspeopleareinterestedinbuyingrealestateByVishalKrishna|11thJun2020ThelatestconsumersentimentsurveybyNoBroker.comindicatesthat65percentofconsumersthinkthatitisthebesttimetobuyaproperty128CLAPS+0+0AccordingtoarecentsurveyconductedbyNoBroker.com,65percentofconsumersbelievethatitisthebesttimetobuyahomeaspropertypriceshaveremainedconstantforafewyears,homeloaninterestratesarelow,andmanybuildersareofferinggreatdiscounts.Withmostprofessionalsworkingfromhomeduetothecoronavirus-inducedlockdownandhavinggreatertimeattheirdisposal,theyhavethemuch-neededtimetodothepreliminaryresearch.Althoughtheoutlookforrealestatelookslesspromisingduetothecurrentpandemic,about54percentofconsumersareexpectingasignificantdropinthepricesofresidentialpropertiesasthemarketcurrentlyhasalotofunsoldinventory. Consumersareoftheviewthatdeveloperswouldwanttogetridofpiledupinventorytoboosttheircashflows.ALSOREADHowFlipkartkeptitsusersengagedduringlockdownwitheffectivecollaborationAccordingtoNoBroker.com,thepurposeofthesurveywastochecktheimpactofCOVID-19onconsumersentiment. Thesurveywasconductedamongpotentialbuyers(whoarecurrentlysearchingforpropertiesonNoBroker’sdatabase)andtenantstounderstandhowtheirprioritieshaveshifted.Around11,580peoplerespondedtothesurvey.ItwasconductedacrossBengaluru,Mumbai,Pune,Hyderabad,Chennai,andDelhiNCR. Ifyouarelookingforaffordableflatsyoucanchoosekonappana agraharainBengaluru,ConsumerconsiderationsBudget,safetyandwatersupplystoodoutaskeyconsiderationsforfinalisingaproperty.About36percentofconsumersarelookingtopurchaseahousewithinthreemonths’ timeframeandnearly28percentarelookingatatimeframeofthree-to-sixmonths.ConsumerpreferencesAround59percentconsumershavestatedthatwouldprefertoliveinanapartmentsocietyoveranindependenthouseassocietiesoffermoreamenities.Also,watersupply,groceries,powerback-up,andsafetyarelessofaconcerninanapartmentcomplex.Asmanyas92percentrespondentsarelookingtobuyresidentialproperties.

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