Demand for properties between Rs 50 lakh to Rs 1 crore price range.
There is a significant demand for double-bedroom homes in India. A recent survey by the prominent real estate platform Housing.com revealed this in the Indian Residential Index for Online Search (IRIS Index). According to the August IRIS Index report, there was a monthly increase of 10% in online property search activity, reaching an index score of 99, the highest since December 2023, as noted by Housing.com.
The latest 2024 IRIS Index report highlights several key aspects and trends in India’s real estate market. The Delhi-NCR region leads in online property searches, with notable interest in properties priced between Rs 50 lakhs and Rs 2 crores. However, in the Mumbai property market, there is a higher demand for properties within the Rs 50 lakhs to Rs 1 crore price range.
In this context, there is a strong preference for double-bedroom apartments, with 37% of users searching for 2 BHKs, making this category the most sought-after. Following that, the 3 BHK category accounts for 32% of searches. Additionally, 50% of users are looking for ready-to-move-in homes.
