IGI Logo

Below is Perspective on Knight Frank's Global Buyer Survey 2021 and Indian Buyer Survey 2021 By Mr. Rohit Poddar, managing Director, Poddar Housing and Development Ltd.

“The pandemic has led to a radical attitudinal shift when it comes to home-buying decisions. The demand for bigger space amongst the mainstream buyers is here to stay and people are happy to explore the peripheries of metro cities for the same. Buyers are preferring townships and projects that are at proximity to social and healthcare amenities. This trend is going to further boost housing demand in central and western suburbs when it comes to Mumbai. On the other hand, the investor class has realized the value of real estate and the financial security it brings along. The rise in NRIs or global Indians investing back in the home country has grown even in the pandemic and is further expected to continue.

As a result, the upcoming festive season is expected to see a growth in sales derived from both the buying-classes. This positive sentiment will hopefully continue as we keep taking gradual but steady steps towards normalcy.”

Above views are of the author and not of the website kindly read disclaimer