Buyer sentiments improve in Indian realty markets

Magicbricks recently conducted a webinar ‘Delhi NCR & Kolkata: Know buyer/seller sentiments and property trends’ to study the same. Noted experts, E Jayashree Kurup, head, Content and Research, Magicbricks and Dr. Venkatesh Panchapagesan, associate professor, Finance and coordinator, IIM Bangalore discussed positive sentiments across nine leading Indian realty markets with a special focus on North and East Region (Delhi NCR and Kolkata).

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The two main indices that point out the property trends and buyer sentiments are PropIndex that covers 11 active realty markets of India and the Housing Sentiment Index (HSI). HSI attempts to go in for scientific research on housing sentiments and figure out futuristic index for the cities.

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How is the PropIndex useful?

- It enables all the stakeholders to understand property types, preferences, sizes and configurations, budget as well as the locality.
- For government offices and ministries of urban development, it aids to assess demand and supply gap with respect to real estate policy making.
- For construction organisations, it helps forecast demand and supply situation at region and locality level.
- For consumers, it is the information to endorse their home buying decisions while they understand their localities and home buying decisions better.
- It also helps to understand the real estate price movement at the locality level, quarter on quarter.
- While you may be busy investing, PropIndex also tells you where you can earn the most as it suggests top capital and yield gainer localities in each city.

Source:http://content.magicbricks.com/industry-news/delhi-ncr-real-estate-news/buyer-sentiments-improve-in-indian-realty-markets/74923.html