Large number of home buyers undeterred by Covid crisis

Contrary to the general perception of dampening of buying sentiment, large number of homebuyers are not influenced by covid crisis.

According to the survey by a leading brokerage , 67% buyers have not put their home buying plan on hold. In fact the buyers including end users and investors, have their plans to buy home intact. As many as 67% home buyers in the age group of 45 years and above want to buy home. This is followed by 69% in the age group 36-45 years and 63% in the age group 26-35 years. As many as 50% home buyers below the age of 25 years want to go ahead with their decision to buy home. Even those who have temporarily deferred their buying plans , large number of them want to come back in six months.

Says Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global, and Chairman, Assocham – National Council on Real Estate, Housing and Urban Development, ” The buying sentiment of home buyers is still good due to a number of factors. This is especially true in case of end users. Not only prices are attractive, even home loan rates are very comfortable. Online home buying with flexible payment plans further add to the convenience of home buyers. Good inventory of ready homes with deals is yet another attraction”.

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