India

Magicbricks Reveals India’s Home Search Trends During The Pandemic Year 2020

Mumbai, Dec 14: Magicbricks which is one of the largest property websites in the Country discloses how people in India searched for homes during the pandemic year 2020.

With Work From Home (WFH) emerging as the new normal due to the outbreak of the pandemic, the desire to have an extra room double resulted in a doubling of searches for 4BHK and above during the Pandemic year.

How India Searched for Homes During The Pandemic Year 2020 also reveals that most searched cities for homebuyers were Pune, Bengaluru, Mumbai, and affordability was the key to all house hunts.

As per the Magicbricks report: 57% of buyers wished to invest in Multi-storey apartments and on a micro-level Gurgaon witnessed almost 73% of individuals seeking for 3BHKs or more. The top 5 localities that buyers were looking for in the rental category were: Noida Extension, Whitefield- Bengaluru, Andheri West- Mumbai, Sarjapur road- Bengaluru, Saket- New Delhi.

In the South, 40% of the buyer searched for Independent houses/plots and people looked for meditation centers as a key amenity in societies. From a lifestyle point of view, the highest searches for veg only properties came in from Ahmedabad.

It is enlightening to see how Indians have evolved through their home buying/renting journey and what key factors have influenced the final decision.

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