Open Enquiry Form
Please Contact Us
I am interested in Bank Loan



Ready-to-move in properties preferred choice for Indians: Report

23rd January, 2018
Ready-to-move in properties preferred choice for Indians: Report

Ready-to-move in properties preferred choice for Indians: Report


MUMBAI: Ready-to-move in properties have remained a preferred choice for homebuyers across the country and have managed to command around 3.7% premium over under construction properties, showed an index of property portal Magicbricks. 

Around 46% of total 750 localities covered in this index across 14 cities have witnessed average price increase of 3.1% during the quarter ended December. 

The Magicbricks' National Price Index (NPI) after remaining stagnant for almost two years had seen the first price gain in the July-September 2017 quarter and this has continued in December quarter with under 1% increment, the property portal said in a release. 

The index, Magicbricks PropIndex, showed that the Rs 3,000-6,000 per sq ft price bracket, which accounts for more than 50% share of property searches, remained stable. The price difference between under construction and ready to move properties narrowed down during the December quarter and this is the sixth straight quarter of decline in price difference, bringing down the difference from a high of more than 9% prevailing six quarters back.

Source:- https://economictimes.indiatimes.com/wealth/real-estate/ready-to-move-in-properties-preferred-choice-for-indians-report/articleshow/62616496.cms

Related News

thumb
6
  • 2nd July, 2022

M3M CAPITAL SECTOR 113

Book M3M Capital Apartments in Sector 113 on Dwarka Expressway Within Your Budget. Get M3M Capita S.... Continue reading
thumb
6
  • 2nd July, 2022

M3M CAPITAL SECTOR 113 GURGAON

Book M3M Capital Apartments in Sector 113 on Dwarka Expressway Within Your Budget. Get M3M Capital .... Continue reading
thumb
6
  • 17th June, 2022

Factors that reduce the value of the home

When purchasing a home, buyers consider different factors such as the interiors and exteriors, infra.... Continue reading
thumb
6
  • 17th June, 2022

Ways to increase the value of the property

Currently, the real estate properties are sold at a lower cost, urging the buyers to purchase. You c.... Continue reading