Wave-2 raises home affordability bar

Wave-2 raises home affordability bar

September 03, 2021 By The Connect

CII-ANAROCK survey shows preference ranges from homes priced at Rs 90 lk-Rs 2.5 cr

MUMBAI, Sep 3 (The CONNECT) – In a significant development post COVID, affordable housing has been relegated to the lowest priority for homebuyers, the latest CII-ANAROCK Consumer Sentiment Survey shows.

More than 34% respondent home seekers focused on properties priced between INR 90 lakh to INR 2.5 Cr, while 35% favour properties priced between INR 45-90 lakh. Just 27% respondents voted in favour of affordable housing (priced <INR 45 lakh)

The Survey underscores how radically COVID-19 has altered home-buyers’ preferences, with the second wave being a significant change catalyst.

In the previous H2 2020 survey, approx. 36% respondent property seekers eyed budget housing.

For details, please check: Wave-2 raises home affordability bar