Money Control – 65% of homebuyers in MMR upgraded driven by NewNormal imperatives of WFH eschooling attractive prices lower stampduty & interestrates preference over suburbs prompting to move from 1BHKs to 2BHKs/3BHKs

During COVID-19, several ‘renters’ turned into first-time home buyers and that led to an uptick in the top two property markets of India – MMR and NCR. The real estate sector also witnessed a trend wherein existing homeowners grabbed the best deal to upgrade into a bigger apartments.

The pandemic saw investors preferring real estate over paper-based volatile asset classes as also more end-users rather than investors

Source Link : https://www.moneycontrol.com/news/business/real-estate/stark-contrast-between-ncr-and-mmr-homebuyers-during-covid-19-6948451.html