Perspective on Knight Frank`s Global Buyers Survey report by Mr. Ram Raheja, S Raheja Realty
Below is Perspective on Knight Frank's Global Buyers Survey report by Mr. Ram Raheja, Director, S Raheja Realty
“This survey helps to understand the psyche of the Indian homebuyer in the current dynamic. The results confirm that most buyers, especially from Mumbai are looking to relocate owing to the need for open and well developed spaces. Respondents focusing on less polluted areas, access to good healthcare and educational institutes, proximity to social infrastructure and workplace, and good views; reiterates our strategy of focusing on prime locations. Khar-Santacruz-Bandra belt ticks all the top criteria that Mumbai’s homebuyers are seeking. There is a great response to our recently launched projects in these areas. With the general agreement over expected price rise in the near future, we are certainly expecting a further increase in demand currently. Another interesting observation is that 30% of respondents from Mumbai have shown keenness to buy second homes. That category too will witness a spike over the next 2-3 years.”
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