A recent report by CII-Anarock has revealed that 3BHK homes are in high demand among property seekers in the National Capital Region (NCR). The CII-Anarock report, which surveyed over 3,000 homebuyers in the NCR region, found that 45% of property seekers are interested in purchasing 3BHK homes.
The demand for 3BHK homes has been steadily increasing in the NCR region over the past few years, driven by a number of factors such as growing family size, increased disposable income, and changing lifestyle preferences. According to the CII-Anarock report, 3BHK homes are preferred by property seekers who are looking for larger living spaces, better amenities, and a comfortable lifestyle.
The CII-Anarock report also found that the demand for 2BHK homes is also high, with 35% of property seekers interested in purchasing these types of homes. The remaining 20% of property seekers are interested in 1BHK or 4BHK and above homes.
In terms of location preferences, the report found that the majority of property seekers are interested in purchasing homes in the suburbs of the NCR region, with areas such as Greater Noida, Ghaziabad, and Faridabad being the most popular. The report also found that property seekers are interested in purchasing homes that are located near to their workplaces, schools, and other amenities.
The report also highlighted the fact that property seekers in the NCR region are increasingly looking for homes that offer sustainable living options. Features such as rainwater harvesting, solar panels, and energy-efficient appliances are becoming increasingly popular among property seekers who are looking to reduce their carbon footprint and save on energy costs.
The report further noted that the demand for green homes is also driven by government initiatives such as the Smart Cities Mission, which aims to promote sustainable urban development. In addition, developers in the NCR region have been offering incentives and discounts on properties with sustainable features, thus providing an added incentive to potential property buyers.
As per real estate experts, the trend of green homes is here to stay and is likely to grow in the coming years. The report also highlighted that the current generation of home buyers are more aware about environmental issues, and they want their homes to be sustainable and energy-efficient. This further emphasizes the need for developers to incorporate green features in properties they build.
Commenting on the findings of the report, Anuj Puri, Chairman of Anarock, said: “The demand for 3BHK homes in the NCR region is a reflection of the changing lifestyle preferences of property seekers. As families grow in size and income levels increase, the demand for larger living spaces with better amenities is only going to increase. Developers who can cater to this demand by providing high-quality, sustainable living options will be well-positioned to capitalize on this trend.”
The report also highlighted some of the challenges that developers in the NCR region are facing in meeting the demand for 3BHK homes. One of the major challenges is the availability of land for development, particularly in the more popular suburbs of the region. The high cost of land and the slow pace of government approvals for new projects are also major obstacles for developers.
Despite these challenges, the report suggests that the demand for 3BHK homes in the NCR region is likely to continue to grow in the coming years. With more and more families looking for larger living spaces with better amenities and sustainable living options, developers who can meet this demand are likely to be successful in the NCR property market.
In conclusion, the CII-Anarock report highlights the growing demand for 3BHK homes among property seekers in the NCR region. With 45% of property seekers interested in purchasing these types of homes, developers who can provide high-quality, sustainable living options will be well-positioned to capitalize on this trend. However, challenges such as the availability of land for development and the slow pace of government approvals will need to be addressed in order for the NCR property market to fully realize its potential.
