Connectivity, Public Transport and Down Payment attracts First Time Home Buyers
The property market in India has seen a lot of action over the past decade. Decent economic growth, easy availability of finance coupled with high disposable income has made many young Indians look favorably at a real estate investment. What are the various considerations when a first time home buyer sets out to search for a property? Is there a change in the mindset of the home buyers? To understand this and many more questions related to the psyche of a first time home buyer, Makaan.com, the fastest growing real estate website in India, conducted a research christened “First Home Survey” that ran on the website between 23rd May to 13th June 2012 and witnessed a participation of more than 3953 first time home buyers from across the country including key cities of Mumbai, Delhi NCR, Bangalore, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Chandigarh & more. Most of the survey takers were male, in the age group of 26 – 45 years.
The research brought forward two surprise findings. Click next for the findings.