India’s leading full stack digital real estate platform Housing.com along with leading industry body NAREDCO has conducted a survey of more than 3,000 people to gauge consumer sentiments for the first half of 2022 calendar year. ‘Residential Realty Consumer Sentiment Outlook (January—June 2022)’ report highlighted that 47% of the consumers prefer to invest in real estate.
51% potential homebuyers feel that residential prices will rise in the coming six months. They suggested that the government should hike tax rebate on housing loans’ interest rate, reduce GST on construction materials, expand credit availability to small developers, and cut stamp duty to boost housing demand. The survey also indicated that 57% of the potential homebuyers would prefer to buy a ready-to-move-in property. 79% of respondents feel that the economy would continue to stay on its growth trajectory in the coming six months. Only 21% of respondents suggested that the economy would get worse compared to 41% during the first wave of the pandemic. 63% of homebuyers are confident about their income for the coming six months.
The Group CEO of Housing.com, Makaan.com and PropTiger.com Mr. Dhruv Agarwala said, “Our data showed that housing sales rose 13% in 2021 with revival in demand.”