The reason it is trending is because of space, proximity to schools are some of the other factors which are favoured by potential home-buyers in the Delhi-NCR. Irwin Preet Singh Anand, COO, OLX India, said: “The report helps us in recognising emerging consumer trends in the real estate market. Delhi-NCR is one of the fastest growing markets in our real estate section, with one-third of the buyers seeking ready-to-move inventory, particularly in the NCR pockets closer to commercial hubs in Noida and Gurugram”.
“In the last six months, buyer interest had significantly jumped for mid-range two and three BHK properties among the working population, a ripple effect of the cut in home loan interest rates announced this year,” he said. “Further, government reforms like Goods and Services Tax and Real Estate Regulation Act will reduce the tax burden on consumers and increase their confidence, encouraging them to invest in the sector.”
Nonetheless there are also other trends doing rounds. Another trend noticed by the survey was the emergence of the ‘Walk to Work’ culture. This had emerged in metros, wherein people were looking for homes in proximity to their workplaces to save both time and money.
You would also like to know that online platforms were one of the most used by those seeking a property in Delhi-NCR. Nonetheless half of the respondents preferring it as their primary source for information and leads.