Home Buyers Survey

CLSA Research recently conducted a survey of Home Buyers across Cosmopolitan cities of India and published the findings today. Here is the brief excerpt from the same.

• 80% of the people are looking to purchase a property in the next 1-2 years.
• 44% of those interviewed said that they have actually postponed their buying decision in the past year.
• 69% of prospective buyers intend to stay in the Home they BUY while 31% want it for an investment
• 75% of the respondents aware of price cuts by Developers. Some people even spelt out names -DLF, Unitech, Brigade etc
  
• Respondents believed that prices have dropped by just 15%.
• 90% of the respondents believed that the current price is not lucrative enough to buy a house
• People expect an average of 20% price reduction from current levels, making for a peak to trough decline expectation of 35% in property prices