Page 35 - Construction & Architecture Update JAN-FEB 2018

Buyers in these top markets not only have preferences for type of house or size of house but
they are also particular about the floor. While cities like Mumbai, Navi Mumbai and Thane prefer to stay in
higher floors, Ahmedabad, Bengaluru and Kolkata mostly opt for the second floor.
Delhi and Chennai remain the only cities that prefer the first floor.
32_33_Cover_Story_Magicbricks_2.indd
With prices remaining flattish over the last one year
and demand-supply equation balancing out due to fewer
project launches, it is certainly the right time for home
buyers to invest in their dream home.”
The report - How India searched for Homes in 2017
– also reveals another interesting consumer behavior
depicting that the residents are also especially particular
about the type of property, down to the floor. Bengaluru
is the one city open to mostly all building types. When
it comes to specific choices, Hyderabad and Chennai
prefer residential houses, plots and villas. Multi-storey
apartments are popular in Pune and Navi Mumbai,
whereas Delhi, Ghaziabad and Chennai prefer builder
floors. Metro cities like Ahmedabad and Mumbai favour
penthouses.
Gurgaon is testament to the fact that consumer
preference for larger houses is increasing. Other cities
like Ahmedabad, Greater Noida, Hyderabad, Pune among
others opt for a smaller 1000 sq. ft. Although the 500-
750 sq. ft. carpet area option remains the most searched
for carpet area in the country, especially in Maharashtra
and Kolkata.
Buyers in these top markets not only have preferences
for type of house or size of house but they are also
particular about the floor. While cities like Mumbai,
Navi Mumbai and Thane prefer to stay in higher floors,
Ahmedabad, Bengaluru and Kolkata mostly opt for the
second floor. Delhi and Chennai remain the only cities
that prefer the first floor.
That’s not all; lifestyle habits too dictate how people
choose to invest in properties. According to the
Magicbricks report, cities like New Delhi, Noida, Kolkata
are bachelor-friendly, whereas Ahmedabad, Navi
Mumbai and Mumbai might be a struggle for singles.
Unquestionably, New Delhi and Kolkata rank high for
non-vegetarians, and Ahmedabad is a city perfect for
vegetarians. Also, having a pet in cities like Gurgaon, New
Delhi, Noida is fairly acceptable, but Chennai, Bengaluru
and Ahmedabad are so not pet-friendly.
www.constructionarchitectureupdate.com < Construction & Architecture Update < January-February 2018 033
33 17-01-2018 21:54:30