The response to whether it is better to buy or lease has been extremely intense in recent months, especially given the recent spate of high-profile real estate sales in India.
But while we need to understand what many people will do and buy in 2020, we cannot ignore it. This report includes data from more than 7 million Fractoz customers collected in the last two years from January 2016 to June 2017. Tenants in Hyderabad are the fastest to buy a home in the six metropolitan areas we covered. These individuals have the potential to have a significant impact on money – the associated reputation of property in India.
Given the high cost of houses in Mumbai, an astonishing 59% of renters hope to be able to buy their own homes by 2020. Here, 69 percent of renters hope to be able to buy a home by 2020 but need to make claims and move out. The desire to buy is a long time coming for tenants in Pune: 65% of the city’s tenants hope to buy apartments, up from 44% in 2016.
In Chennai, about 55% of renters hope to buy a home, up from 46% in 2016, and 56% of renters here hope to buy a home by 2020.
Compared to other urban communities, the gap between buyers and renters in Chennai and other parts of the country is not too large.
The truth is that 71 percent of renters have seen a fall in home loans, a positive change, and that they are buying homes. This is extraordinary news, as it implies that there is a strong possibility that unsold shares will eventually take over the market. If you need help buying a house, get help from Fractoz specialists. There is no doubt that you have been interested in buying a home for some time, but what are you going to do?
If you need help with this, we are here to help you, just as we cheerfully helped you with your house hunt. Did you behave to discover the best and most affordable homes in your area or even the most expensive ones?