Trends in Indian Residential Real Estate Post RERA & GST Scenario
A survey was carried out by a team of experts based on various aspects related to consumer perception in property purchase activities for cities like Hyderabad, Bangalore, Chennai, Pune, and Delhi NCR. This not only reflects the behavior & purchase pattern of home buyers/ investors but also enlightens the residential real estate scenario among highly-prized locations of India. The mode of this particular survey was based on calls made to the potential buyers/ investors in residential real estate carried for three months, from June-To-August 17; i.e. Post-Rera & Post-GST scenario. A total number of 6000 calls were made, out of which 824 people showed interest in property purchase. The conducted survey identified some general pattern in the responses among those interested. Also, now the buyers are becoming more aware and cautious owing to GST and RERA and this is affecting their spending decision on properties as well. Category of Home Buyers & Purpose o