Ahmedabad Has Highest Number of Young Realty Buyers: Survey
Ahmedabad has topped the list of youngest realty buyers in a joint survey of 10 cities, conducted by the Indian Institute of Management, Bangalore and MagicBricks. The youngest buyers were those who came under the 18-25 age group.
Titled Housing Sentiment Index (HSI), this online survey carefully screens prospective home buyers before arriving at the list. Every quarter, around 3000 potential home buyers are surveyed across 10 cities, namely Bangalore, Mumbai, Hyderabad, Delhi, Kolkata, Ahmedabad, Chennai, Gurgaon, Noida, and Pune.
Kolkata topped the list of oldest realty buyers, lying in the age group of 50 years and above. It scored 131 on the index, same as that scored by Ahmedabad for the youngest home buyers group.
The index also indicated price sensitivity among realty buyers in Ahmedabad. The numbers show that 62% of the buyers earning less than Rs 10 lakh per annum chose to buy a house in Ahmedabad.
In the survey, Ahmedabad also recorded the largest number of self-employed persons and retirees, while Bangalore recorded the maximum IT crowd. Of the respondents in Ahmedabad, 59% intend to buy a house in the next six months, while 22% preferred to wait a year or more before making the move.
Source: Business Standard
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