Kolkata: Two of the five middle-income families of scouting for a house in Kolkata actually want to improve to the preferred apartment that is preferred near the park or water body and not too far from the hospital.
And they are willing to spend up to 9% more than initially planned to move to their choice.
A survey of the impact of the pandemic on home buyers by international property consultants Knight Frank revealed that the lip was in 2020 and restrictions after it had caused people to prioritize their homes and look for larger spaces.
One in five respondents said they had moved to a new home since the start of Pandemi.
The other 18% said they would move to the new address in the next 12 months.
One of the three respondents in medium-income families said they even saw the second home after a pandemic, maybe on the outskirts where they could stay while working from home or attending online classes.
However, many professionals, including lawyers and architects, want to return to work at least five days a week.
Half the salary class among the respondents also said they wanted to work again.
The factors behind the house selection include good air quality and access to the green space.
Also, medical infrastructure is more important after a pandemic.
Also, two in three respondents expect the value of housing property to increase in the next 12 months.
“Very extraordinary to watch most respondents from Kolkata expect their current place to reside to attract incremental values in the next 12 months.
This marks a quantum shift towards optimism among city house buyers.
The Kolkata housing market has exhibited resilience during difficulties.
Announcement The recent budget by the state government relating to the reduction of stamp duty of 2% and 10% is estimated to bring the resurrection of sales in the industry in general, “said Knight Frank India Chief Economist and National Director of Rajani Sinha.
One of the two respondents also said they were more likely to stay in apartments or condos followed by 38%, most of them in the high-income group chose a villa or an independent house.
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