The Real Value

Conceptualized,designed and rolled out over a span of one month,”the response of the survey was overwhelming and the result a bit surprising,” Janakiraman tells us that while people are looking for mid-segment housing,in the range of Rs 30 to 40 lakh,those over one crore still have limited takers. “This,probably because money in circulation is in short supply,” he reasons,pointing out that people aspired for services like water,security,connectivity by public transport,parking space over other lifestyle features that include gym,indoor game facilities,and swimming pool,when finalizing a house.

While stagnation in property surely has given way,he says,the earlier trend of looking at property as an investment is still a far fetched proposition. “Not because it will not yield profits in the long run but because the sudden boom in the economy in the earlier years has made us used to making quick profits out of land. Property for now cannot be used as shares in the stock market,” Janakiraman divulges the results of the survey and the response of 50 per cent of the respondents who are looking for properties for their personal use rather than just buying property for investment. With over 3,000 respondents of the survey and about 40 per cent of them interested in property with a square feet ranging from 500 to 1000 sq ft,it’s still good news!