Homebuyers in Maharashtra's Thane West had the most options available to them in the year 2023 when it came to finding a place to call their own. This site has been looked for quite a bit. Whitefield in Bengaluru was the runner-up in this competition. The third most popular search result for a location to live in India was the Noida Extension neighbourhood in the Delhi-National Capital Region. According to the data provided by a real estate company, the area of Thane West in Mumbai was the most popular choice for people looking to buy a property during the year 2022. New Town in Kolkata and Mira Road East in Mumbai came in at number four and number five, respectively, when it came to the number of searches for residential properties.
A huge amount of interest is there in the acquisition of low-budget flats or properties.
Chandkheda in Ahmedabad came in sixth position among the most sought-after cities in India for the purchase of a property, behind Mumbai, Bangalore, and Noida. Next came Wakad in Pune, followed by Kharghar in Pune, Gota and Jagatpur in Ahmedabad, and also Vastral in Ahmedabad. There were some top locations in tier 2 cities like Pune, Agra, Mathura, Lucknow and more that were trending over the previous year. Sixty per cent of customers wanted to purchase a property, while the other forty per cent were interested in renting a home. Apart from that, there has been a lot of interest in acquiring flats for a price that is less than fifty lakh rupees. In the coming days, there is also anticipated to be an increase in interest in newly constructed flats and real estate valued between 1 lakh and 2 crores.
A good number of people are looking for homes in Pune and Tier 2 cities.
As a result of a rise in the number of online property searches for flats, industry experts expect that Tier 2 cities will see an increase in the demand for residential property in the coming days. The current quarter saw strong sales of residential property in spite of the general trend of rising interest rates. Compared to other Tier 2 cities, Pune has a good amount of people searching for homes. The next stop on the itinerary was Vrindavan and then Agra.
According to the findings of a study, internet searches for residential properties with prices ranging from 1 to 2 crore rupees are anticipated to rise by 25% year on year in 2023, while internet searches for newly constructed apartments are anticipated to rise by 52%. The number of people looking for homes on the internet that have three bedrooms or more has increased by up to 1.4 times from 2022. Meanwhile, the number of internet property searches for rental properties has increased by a factor of 1.5 by the year 2022 and is more in 2023 by double in cities like Bengaluru.