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76% Indians Consider Real Estate As Best Investment Option: Report

The report also highlighted a steady decline in broker services over the years with only 13 per cent of people still relying on it. The option for brokerage-free properties is the biggest factor for tenants to choose a website over other alternatives.

Photo Credit : Ritesh Sharma

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Amid the ongoing Coronavirus pandemic, a total of 76 per cent of Indians consider real estate as the best investment option, according to a report by NoBroker, a Proptech unicorn. 

The report titled ‘India Real Estate Report 2021' is based on a survey conducted with over 21,000 customers across Delhi-NCR, Bengaluru, Mumbai, Pune, Chennai and Hyderabad, as well as the data captured from over 16 million users on its platform.     

The report indicated that there is an increasing sense of security that comes from buying a house. SIPs/stocks and gold were very distant second and third. Bitcoin was selected by a very tiny percentage. 

The survey found that 43 per cent of respondents suggested that they were looking to purchase another property for investment purposes in 2022. About 84 per cent of people believe that right now is the best time to buy a property for end-use. 

A total of 15 per cent of people were thus looking to buy a house over Rs 1 crore (4 per cent higher than 2020 and 8 per cent higher than 2019).  

The report also highlighted a steady decline in broker services over the years with only 13 per cent of people still relying on it. The option for brokerage-free properties is the biggest factor for tenants to choose a website over other alternatives.

“Bigger houses in demand and bigger buying budgets along with a preference for buying within the city limits indicate a positive environment for the real estate sector in 2022. 2021 has been a happening year with lots of positive changes and innovations across the real estate market. While the demand for ready-to-move-in properties remained relevant, video tours gained significant traction," said Co-founder and CBO – Nobroker, Saurabh Garg. 

"Homeownership for end-use will continue to be a valued asset owing to the historically-low interest rates of home loans and the security that residential properties offer. Although for the foreseeable future, real estate will be an end users’ market, it is relieving to know that the investors’ confidence is also returning. The pandemic has also ironically paved the way for technological intervention," added Garg.