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More than 90% Property buyers expecting price down after lockdown as per the latest survey

02 May 2020

According to Real Estate Portal, property buyers are looking forward to a reduction in property rates because of this current effect of coronavirus.

As per the survey, property buyers who were inquiring & searching for properties before lockdown were around 35-40% of buyers, while there are still some buyers around 55-60% who have carried over their plans to purchase in 1 year. Main reason to postpone the property plan was due to unpredictability of 50% in the market & around 30% of financial factors. 

In accordance with the survey conducted there are an example number of 1,750 expected property buyers from main cities such as Mumbai, Pune, Hyderabad, Bengaluru, Delhi, Chennai, Kolkata, Lucknow, Ahmedabad and Chandigarh. 

The analysis covered 4 main important guidelines in the real-estate business they are such as mentioned below:

  1. Investment understanding
  2. Pricing Expectation
  3. Buyer’s demand
  4. Latest consumer trends

Property buyers around 90% are anticipating price reduction after lockdown because of this current situation, say team.

As per the study, 31% respondents believe that real estate is still the most outstanding advantage to invest followed by 24% fixed deposit, 21% stock market & 24% gold. 

Property buyers showed the first choice to ready-to-move in properties with 85% of buyers mentioned completed properties are more secure rather than under construction property.

As per our rich consumer knowledge and data analytics we might forecast some pricing shifts in the next six months or so. Advanced digital platforms need to come up for home search, with user friendly virtual tours of live projects. is already working on revamping their website and Android App to meet the new needs of the property buyers, said Vijay Jamdar [Founder & Business Head of]

Search for your dream home on 3BRICK now. is a Real Estate Portal where property buyers can search for property and submit their offer price against the builders quoted price.

 Top preferred locations in Mumbai region by Home Buyers are as below:

South Mumbai - Worli, Mahalaxmi, Byculla, Marine lines, etc.

Central Mumbai - Dadar, Powai, Ghatkopar, Mulund, Thane, Vikhroli, etc

Western Suburb - Bandra, Borivali, Kandivali, Malad, Goregaon, Andheri, etc

Navi Mumbai - Airoli, Chembur, Vashi, Ghansoli, Koparkhairne, etc

Outskirts of Mumbai - Kalyan, Dombivali, Virar, Panvel, etc


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