In the recent survey conducted by JLL, they came to know that 67% of people choose to buy a home than renting. Most of the potential buyers in and above the age of 35 are planning to improvise their lifestyle by opting out of owning houses above 75 lakhs, according to their expertise.
Homebuyers, especially IT employees, who are already living in the rental houses currently show interest in buying the bigger 2 BHK flats with updated needs. This sudden inclination of interest is because of the change in the daily lifestyle of people which includes work from home and online classes, and for this reason people are looking for a spacious homes with limited flats.
Other boosting factor to this escalating idea can be the reduced home loans interest declared by the Reserve Bank of India to 6.9 % . Because of the liberty in bank loan rates and need of spacious homes, accelerate people towards buying 2 BHK , which is above 1200 sq. ft.
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