Magicbricks' latest survey across 13 prime cities reveals a robust customer sentiment towards luxury real estate. The survey highlights that 25.5% of prospective buyers are considering properties priced above Rs.1 crore, with significant interest in the Rs.3.5–5 crore segment.
Interest in luxury and ultra-luxury homes has surged dramatically, with 35% of respondents expressing high intent, nearly double the 18% recorded in the previous quarter. This notable shift reflects growing confidence in the luxury housing market.
The survey also underscores a strong preference for larger living spaces. Around 45% of respondents are seeking homes above 2,000 sq ft, driven by post-Covid lifestyle changes and rising disposable incomes. Additionally, 56% of buyers favor configurations of 3BHK or larger, emphasizing a demand for more spacious and functional homes.
These insights underline a dynamic shift in consumer preferences, reinforcing the luxury segment’s prominence in India's real estate landscape.
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